Legislative and Regulatory Affairs

1
Legislative and Regulatory Affairs

• Jeff Polyak
• Sarah Ball
• Amber Barber
• Rich Culbertson

2
Panel Members

• Jeff Polyak
• National NPMA Director of Legislative Affairs
• Senior Vice President of Solutions at Sunflower
  Systems
• Federal Center Chapter, CPPS
• Sarah Ball
• Director of Personal Property Management Division
  at the Department of Energy
• NOVA Chapter, CPPS

3
Panel Members

• Amber Barber
• Property and Equipment Policy Office at OSD
• ASTM E53 Executive Committee Member
• NOVA Chapter, CPPS
• Rich Culbertson
• Asset Management, Senior Manager at Lockheed
  Martin
• ASTM E53 Executive Committee Member
• Delaware Valley Chapter

4
Panel Topics

• Financial Accounting
• Business System Rule
• Proposed Rule for IUID registry
• Regulatory Accountability Act
• Combating Military Counterfeits Act of 2011
• Regulatory Compliance

5
Legislative or Regulatory Items Affecting Asset
Management.

• Leasing Accounting
• Another exposure draft is to be issued shortly --
  substantially all leases will appear on the
  balance sheet
• Transparency may change practice
• Expect changes to Industry and Government
  Accounting and Management

6
Legislative or Regulatory Items Affecting Asset
Management.

• Final Business Systems Rule
• Property Management is one of six Business
  Systems subject to the rule For significant
  deficiencies the Government may withhold 5 of
  invoices
• May change Contractors approach to Property
  Management

7
Legislative or Regulatory Items Affecting Asset
Management.

• Proposed Rule -- Reporting of Government-Furnished
  Property
• 211.274-4 Policy for reporting of
  Government-furnished property.
• It is DoD policy that all Government-furnished
  property be recorded in the DoD Item Unique
  Identification (IUID) Registry,
• All is big word

8
Legislative or Regulatory Items Affecting Asset
Management.

• Regulatory Accountability Act (RAA),
• House and the Senate Bills working through
  Congress,
• Now benefits can be potential economic,
  environmental, public health and safety, and
  other advantages distributive impacts and
  equity. In contrast, the RAA only includes
  measures of aggregate growth within the
  definition of benefits
• Ref. http//www.law.upenn.edu/blogs/regblog/2011/1
  0/bipartisan-bill-would-add-procedural-hurdles-to-
  agency-rulemaking.html

9
Legislative or Regulatory Items Affecting Asset
Management.

• Combating Military Counterfeits Act of 2011

10
Legislative or Regulatory Items Affecting Asset
Management.

• Regulatory Compliance

11
Question and Answer Session