2 CFR 1.300 – OMB responsibilities
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OMB is responsible for:
Terms Used In 2 CFR 1.300
- Oversight: Committee review of the activities of a Federal agency or program.
(a) Issuing and maintaining the guidance in this subtitle, as described in § 1.230.
(b) Interpreting the policy requirements in this subtitle.
(c) Reviewing Federal agency regulations implementing the requirements of this subtitle, as required by Executive Order 12866.
(d) Conducting broad oversight of government-wide compliance with the guidance in this subtitle.
(e) Performing other OMB functions specified in this subtitle.