^®: CRE Regulatory Action of the Week

OMB Seeks Comment on FITARA Guidance
The U.S. Office of Management and Budget seeking public comment on draft guidance to implement the Federal Information Technology Acquisition Reform Act. OMB requests comments by May 15, 2015, but will consider comments filed up to May 30. FITARA was enacted on December 19, 2014. The Act outlines specific requirements related to:

1. Chief Information Officer (CIO)
Authority Enhancements
2. Enhanced Transparency and Improved Risk Management in Information Technology Investments
3. Portfolio Review
4. Expansion of Training and Use of Information Technology Cadres
5. Federal Data Center Consolidation Initiative
6. Maximizing the Benefit of the Federal Strategic Sourcing Initiative and
7. Government-wide Software Purchasing Program.