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TITLE I - Troubled Assets Relief Program

Sec. 107. CONTRACTING PROCEDURES. (1 Comment) subscribe to the comments feed

  1. STREAMLINED PROCESS.For purposes of this Act, the Secretary may waive specific provisions of the Federal Acquisition Regulation upon a determination that urgent and compelling circumstances make compliance with such provisions contrary to the public interest. Any such determination, and the justification for such determination, shall be submitted to the Committees on Oversight and Government Reform and Financial Services of the House of Representatives and the Committees on Homeland Security and Governmental Affairs and Banking, Housing, and Urban Affairs of the Senate within 7 days.




  2. ADDITIONAL CONTRACTING REQUIREMENTS.In any solicitation or contract where the Secretary has, pursuant to subsection (a), waived any provision of the Federal Acquisition Regulation pertaining to minority contracting, the Secretary shall develop and implement standards and procedures to ensure, to the maximum extent practicable, the inclusion and utilization of minorities (as such term is defined in section 1204© of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1811 note)) and women, and minority and women-owned businesses (as such terms are defined in section 21A®(4) of the Federal Home Loan Bank Act


    (12 U.S.C. 1441a®(4)), in that solicitation or contract, including contracts to asset managers, servicers, property managers, and other service providers or expert consultants.




  3. ELIGIBILITY OF FDIC.Notwithstanding subsections (a) and (b), the Corporation




    1. shall be eligible for, and shall be considered in, the selection of asset managers for residential mortgage loans and residential mortgage-backed securities; and




    2. shall be reimbursed by the Secretary for any services provided.

1 comment on Sec. 107. CONTRACTING PROCEDURES.

  • "STREAMLINED PROCESS.For purposes of this Act, the Secretary may waive specific provisions of the Federal Acquisition Regulation"

    here is the FAR

    http://www.acquisition.gov/far/loadma...

    Here are some of the headings within FAR that the secretary could choose to ignore or "Streamline":

    "Part 3—Improper Business Practices and Personal Conflicts of Interest
    3.1 Safeguards
    3.2 Contractor Gratuities to Government Personnel
    3.3 Reports of Suspected Antitrust Violations
    3.4 Contingent Fees
    3.5 Other Improper Business Practices
    3.6 Contracts with Government Employees or Organizations Owned or Controlled by Them
    3.7 Voiding and Rescinding Contracts
    3.8 Limitation on the Payment of Funds to Influence Federal Transactions
    3.9 Whistleblower Protections for Contractor Employees
    3.10 Contractor Code of Business Ethics and Conduct"

    HELLO CORPORATISM

    posted by Peter Van at October 1, 2008
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