OMB Proposes Rule to Overhaul Federal Financial Assistance Oversight and Reduce Recipient Burden
Summary
The Office of Management and Budget (OMB), alongside multiple federal grant-making agencies, released a proposed rule on May 29, 2026, titled "Regulation for Federal Financial Assistance." The rule aims to revise governmentwide requirements in Title 2 governing grants, cooperative agreements, and other federal financial assistance. Key objectives include improving transparency, accountability, and oversight; clarifying that subtitle A operates as an OMB regulation; and reducing recipient burden.
Source
bskyOMB Proposes Rule to Overhaul Federal Financial Assistance Oversight and Reduce Recipient Burdenbhfs.comKey quotes
· 4 pulledOMB states that the proposal is intended to improve transparency, accountability and oversight
OMB also emphasizes aligning fed
clarify that subtitle A operates as an OMB regulation
reduce recipient burden
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