OMB Rule Proposes Significant Changes to Federal Financial Assistance Requirements
Holland & Knight – The Office of Management and Budget (OMB) and a number of other agencies jointly published a proposed rule in the Federal Register on May 29, 2026, titled "Federal Financial Assistance." The proposed rule makes numerous changes to the guidance governing federal financial assistance (e.g., grants, cooperative agreements, contracts) found in Title 2 of the U.S.
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