More Paperwork? Agencies Want to Keep Tracking Costs
Published Date: 4/2/2025
Notice
Summary
The DoD, GSA, and NASA want to keep collecting info about cost accounting rules for another three years, and they’re asking the public if this is still useful and not too much work. This affects companies working with the government who have to share cost info. The current approval lasts until August 31, 2025, and they want to extend it to keep things running smoothly without extra costs.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Three-Year Extension of Cost Reporting
If your company contracts with the federal government and must provide cost accounting information, the current OMB approval to collect that information runs through August 31, 2025. DoD, GSA, and NASA are proposing to extend that approval for three additional years so the information collection would continue past August 31, 2025.
Opportunity to Comment on Burden Reduction
DoD, GSA, and NASA are asking the public to comment on whether the cost accounting information collection is necessary and has practical use, whether the burden estimate is accurate, and ways to reduce respondent burden, including using automated collection techniques. If you are a government contractor, you can submit comments proposing ways to improve clarity or reduce paperwork.
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Key Dates
Department and Agencies
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