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Under regulations that recently went into effect, the U.S. may claim a share of a federal contractor's accrued pension surplus when a business is sold or closed

Article Abstract:

Federal contractors face a major new liability based on the Cost Accounting Standards Board's revised cost accounting standard issued Mar 30, 1995. This took effect for many contractors on Jan 1, 1996, and it gives the govt greatly expanded access to overfunded pension plans. The new rules increase the circumstances under which the govt may claim a share of the surplus, as well as the size of that share and the ways the govt may collect it. Due process concerns and other problems will probably lead to a court challenge.

Author: Metzger, Robert S.
Publisher: ALM Media, Inc.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
Pension funds, United States. Cost Accounting Standards Board

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Feds can 'use' software, but can't 'have' it; for IP protection, computer companies should use exemptions and provisions built into the Federal Acquisition regulations

Article Abstract:

Issues are discussed regarding the Federal Acquisition Regulations (FAR) system, which defines government procedures for securing products according to the Federal Procurement Policy Act. The software industry should not shun these contracts despite their provision of unlimiteted rights to the software which the government contracts to purchase, because the FAR includes exemptions to protect software providers. The FAR's exemption clauses are described.

Author: Sexton, Sam, III
Publisher: ALM Media, Inc.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 2000
Computer industry

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Plugging leaks in federal contracts; the Department of Energy tightens its security clauses in agreements with private providers to keep a lid on secrets

Article Abstract:

Issues are discussed regarding the Department of Energy's (DOE) security regulations and its responding to security breaches by tightening controls. The Department of Energy Acquisition Regulation (DEAR) contains the security requirements applied to contractors. The many other policies beyond DEAR applying toi contractors are discussed at some length.

Author: Crown, Ross L.
Publisher: ALM Media, Inc.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 2000

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Subjects list: United States, Laws, regulations and rules, Public contracts, Government contracts, Contracts, Government purchasing
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