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Legislative and Regulatory Affairs

Legislative and Regulatory Affairs. Jeff Polyak Sarah Ball Amber Barber Rich Culbertson. Panel Members. Jeff Polyak National NPMA Director of Legislative Affairs Senior Vice President of Solutions at Sunflower Systems Federal Center Chapter, CPPS Sarah Ball

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Legislative and Regulatory Affairs

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  1. Legislative and Regulatory Affairs Jeff Polyak Sarah Ball Amber Barber Rich Culbertson

  2. Panel Members • Jeff Polyak • National NPMA Director of Legislative Affairs • Senior Vice President of Solutions at Sunflower Systems • Federal Center Chapter, CPPS • Sarah Ball • Director of Personal Property Management Division at the Department of Energy • NOVA Chapter, CPPS

  3. Panel Members • Amber Barber • Property and Equipment Policy Office at OSD • ASTM E53 Executive Committee Member • NOVA Chapter, CPPS • Rich Culbertson • Asset Management, Senior Manager at Lockheed Martin • ASTM E53 Executive Committee Member • Delaware Valley Chapter

  4. Panel Topics • Financial Accounting • Business System Rule • Proposed Rule for IUID registry • Regulatory Accountability Act • Combating Military Counterfeits Act of 2011 • Regulatory Compliance

  5. Legislative or Regulatory Items Affecting Asset Management. • Leasing Accounting • Another exposure draft is to be issued shortly -- substantially all leases will appear on the balance sheet • Transparency may change practice • Expect changes to Industry and Government Accounting and Management

  6. Legislative or Regulatory Items Affecting Asset Management. • Final Business Systems Rule • Property Management is one of six Business Systems subject to the rule – For significant deficiencies the Government may withhold 5% of invoices • May change Contractor’s approach to Property Management

  7. Legislative or Regulatory Items Affecting Asset Management. • Proposed Rule -- Reporting of Government-Furnished Property • “211.274-4 Policy for reporting of Government-furnished property. It is DoD policy that all Government-furnished property be recorded in the DoD Item Unique Identification (IUID) Registry, …” • “All” is big word

  8. Legislative or Regulatory Items Affecting Asset Management. • Regulatory Accountability Act (RAA), • House and the Senate Bills working through Congress, • Now benefits can be “potential economic, environmental, public health and safety, and other advantages; distributive impacts; and equity.” In contrast, the RAA only includes measures of aggregate growth within the definition of benefits Ref. http://www.law.upenn.edu/blogs/regblog/2011/10/bipartisan-bill-would-add-procedural-hurdles-to-agency-rulemaking.html

  9. Legislative or Regulatory Items Affecting Asset Management. • Combating Military Counterfeits Act of 2011

  10. Legislative or Regulatory Items Affecting Asset Management. • Regulatory Compliance

  11. Question and Answer Session

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