The Office of Management and Budget (OMB) has proposed wide-ranging changes to the regulatory requirements (currently known as the “Guidance for Federal Financial Assistance”) underlying billions of dollars in grant awards annually. The proposed revisions make (and rebrand) the guidance as binding, contain new anti-diversity, equity, and inclusion (“DEI”) mandates, give the federal government broader powers to terminate grant awards, and prohibit fixed-price awards, among other things.
Since established by Congress in 1978, the Department of Energy has had a program for loans to minority business enterprises. As stated in the regulations implementing the Department of Energy Implementing Act (the “Act”), the purpose of the loans are to “assist such enterprises in participating fully in research, development, demonstration and contract activities of the Department of Energy.”
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