The general news media is abuzz about the first funding rescission request that the Trump administration just sent Congress. Recission is cancellation of federal appropriations that Congress previously approved. It’s an actual budget cut. Federal law says that it can only be done after timely congressional approval.
The guy behind the administration’s request is Russell Vought, the director of the Office of Management and Budget. Vought says he is teeing up a collection of additional rescission requests while observing how this first one fairs. Mincing no words, Vought says he wants to put federal agency officials “in trauma” with recissions and other steps. The collateral damage these actions will have on grant recipients and subrecipients and the beneficiaries they serve is given little consideration.
Focusing on the current state of grant affairs in Washington, this briefing will help you fully understand the implications of actions that may specifically affect your current (and future) federal grants and decide how best to respond. The webinar will cover:
- Key federal appropriations laws affecting grant funding
- Role of the Office of Management and Budget
- Role of the Government Accountability Office
- Availability of funds
- The Economy Act
- The Anti-Deficiency Act
- OMB allotments to federal agencies
- Impoundment and deferral
- Rescission of appropriations, clawbacks
- Federal agency award authority
- Formula grants
- Discretionary grants
- Federal agency obligation of funds (31 USC 1501)
- Grant award suspension and termination
- The possible grounds
- The process
Hand-out Materials:
Attendees will receive presentation slides as well as access to background materials.
Allowable Charges
The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).
Attend this Live Webinar and Earn up to 1.8 CPE Credits