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contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

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Rules and Regulations Federal Register

4573 

Vol. 81, No. 17 

Wednesday, January 27, 2016 

DEPARTMENT OF THE TREASURY 

2 CFR Part 1000 

RIN 1505–AC48 

Uniform Administrative Requirements, 

Cost Principles, and Audit 

Requirements for Federal Awards 

AGENCY: Department of the Treasury. 

ACTION: Final rule. 

SUMMARY: The Department of the 

Treasury publishes this rule to adopt as 

a final rule, without change, a joint 

interim final rule published with the 

Office of Management and Budget 

(OMB) for all federal award-making 

agencies that implemented guidance on 

Uniform Administrative Requirements, 

Cost Principles, and Audit 

Requirements for Federal Awards 

(Uniform Guidance). This rule is 

necessary to incorporate into regulation 

and thus bring into effect the Uniform 

Guidance as required by OMB for the 

Department of the Treasury. 

DATES: Effective date: February 26, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Michael Briskin, Special Counsel to the 

Assistant General Counsel for General 

Law, Ethics & Regulation, (202) 622– 

0450. 

SUPPLEMENTARY INFORMATION: On 

December 19, 2014, OMB published a 

rulemaking in the Federal Register 

finalizing the guidance on Uniform 

Administrative Requirements, Cost 

Principles, and Audit Requirements for 

Federal Awards (79 FR 75867). As a part 

of the same rulemaking, OMB issued the 

interim final Federal Awarding Agency 

Regulatory Implementation of Office of 

Management and Budget’s Uniform 

Administrative Requirements, Cost 

Principles, and Audit Requirements for 

Federal Awards which contained a 

separate section for each federal 

awarding agency. Where applicable, 

agencies provided additional language 

beyond that included in 2 CFR part 200, 

consistent with their existing policy, to 

provide more detail with respect to how 

they intend to implement the policy, 

where appropriate. Treasury’s 

regulations are contained in 2 CFR part 

1000 (79 FR 76047). 

The interim final rule went into effect 

on December 26, 2014. The public 

comment period for the interim final 

rule closed on February 17, 2015. The 

Department of the Treasury received no 

comments from members of the public 

in response to its section of the joint 

interim final rule. Accordingly, the 

Department adopts as a final rule 

without change the interim rule 

amending title 2 to add chapter X of the 

Code of Federal Regulations. 

Procedural Matters 

Executive Order 12866 

This regulatory action is not a 

‘‘significant regulatory action’’ under 

Executive Order 12866, ‘‘Regulatory 

Planning and Review,’’ 58 FR 51735 

(October 4, 1993). Accordingly, this rule 

is not subject to review under the 

Executive Order by the Office of 

Information and Regulatory Affairs 

within the Office of Management and 

Budget. 

Regulatory Flexibility Act 

The Regulatory Flexibility Act (RFA) 

requires an agency that is issuing a final 

rule to provide a final regulatory 

flexibility analysis or certify that the 

rule will not have a significant 

economic impact on a substantial 

number of small entities. This action is 

not subject to the RFA. The RFA applies 

only to rules subject to notice and 

comment rulemaking requirements 

under the Administrative Procedure Act 

(APA), 5 U.S.C. 553, or any other 

statute. This rule is not subject to notice 

and comment requirements under the 

APA or any other statute because this 

rule pertains to grants, which the APA 

expressly exempts from notice and 

comment rulemaking requirements. 5 

U.S.C. 553(a)(2). 

Review Under Executive Order 13132 

OMB determined that the joint 

interim final rule does not have any 

Federalism implications, as required by 

Executive Order 13132. 

Review Under the Unfunded Mandates 

Reform Act of 1995 

Section 202 of the Unfunded 

Mandates Reform Act of 1995 

(Unfunded Mandates Act) (2 U.S.C. 

1532) requires that covered agencies 

prepare a budgetary impact statement 

before promulgating a rule that includes 

any federal mandate that may result in 

the expenditure by state, local, and 

tribal governments, in the aggregate, or 

by the private sector, of $100 million or 

more in any one year. If a budgetary 

impact statement is required, section 

205 of the Unfunded Mandates Act also 

requires covered agencies to identify 

and consider a reasonable number of 

regulatory alternatives before 

promulgating a rule. OMB determined 

that the joint interim final rule will not 

result in expenditures by state, local, 

and tribal governments, or by the 

private sector, of $100 million or more 

in any one year. Accordingly, this final 

rule adopting the interim final rule 

without change does not include a 

budgetary impact statement or 

specifically address the regulatory 

alternatives considered. 

Congressional Review Act 

This action is subject to the 

Congressional Review Act (5 U.S.C. 

801), and the Department of the 

Treasury will submit a rule report to 

each House of the Congress and to the 

Comptroller General of the United 

States. This action is not a ‘‘major rule’’ 

as defined by 5 U.S.C. 804(2). 

Accordingly, the interim rule 

amending title 2 to add chapter X of the 

Code of Federal Regulations, which was 

published at 79 FR 75867, on December 

19, 2014, is adopted as a final rule 

without change. 

Brodi Fontenot, 

Assistant Secretary for Management, 

Department of the Treasury. 

[FR Doc. 2016–01620 Filed 1–26–16; 8:45 am] 

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