“Regulatory Reform” to Change Government Contracting?by Gunjan Talati and Christian Henel On Friday, February 24, 2017, President Trump issued an Executive Order aimed at reducing burdensome regulations. Pursuant to the E.O., agencies will be required to create teams that will “research all regulations that are unnecessary, burdensome and harmful to the economy” and make recommendations as to which ones should be repealed or simplified. Now anyone in business can tell you that there are plenty of regulations covering just about every topic. (There even used to be regulations about extraterrestrial contact but those have since been taken off the books.) Government contracting is no exception. In fact, government contracts are almost entirely run by the Federal Acquisition Regulation (“FAR”) at 48 C.F.R. While President Trump’s comments were not limited solely to government contractors, it’s almost a given that the reforms President Trump seeks will impact the FAR. The questions are how and to what extent? Looking into our crystal ball, we see a few areas that could be targeted by agencies:
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