Category Archives: Department of the Treasury

US Foreign Investment Policy Gets a Tougher but More Transparent CFIUS

Harry Broadman writes about Committee on Foreign Investment in the United States (CFIUS) policy toward greater restrictions on foreign investment and more transparency into the rules and procedures governing US inbound foreign investment. Continue reading US Foreign Investment Policy Gets a Tougher but More Transparent CFIUS

Naiveté about CFIUS’ National Security Policy Towards Foreign Investment in the US

Harry Broadman writes about foreign direct investment, potential involvement by governments whose agendas may be perceived to extend beyond commercial objectives, and US scrutiny of national security risks. Continue reading Naiveté about CFIUS’ National Security Policy Towards Foreign Investment in the US

Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

On December 19, 2014, a number of U.S. national agencies and departments jointly published the interim final rules Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards: Federal Awarding Agency Regulatory Implementation. Continue reading Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

Issuance of Prompt Payment Interest Rate

By: Kelly Lynch

On June 28, 2013, the Department of the Treasury issued the new prompt payment interest rate at 1.75 percent for the period from July 1 to December 31, 2013. This rate increased from 1.375 percent, the rate effective from January 1 to June 30,2013.

The prompt payment interest rate is a penalty applied to federal agencies that fail to pay for purchased goods or services by the required payment date.

See http://www.fms.treas.gov/prompt/rates.html for historical prompt payment interest rates.

Continue reading Issuance of Prompt Payment Interest Rate