Number: RL31024 Title: The Federal Activities Inventory Reform Act and Circular A-76 Authors: L. Elaine Halchin, Government and Finance Division Abstract: This report begins with a history of Circular A-76, a review of the its key components, and an assessment of the implementation of the circular. The section on FAIR describes how it emerged from a series of compromises, explains the statute's key provisions, and reviews the implementation process, including guidance issued by OMB. The final section addresses recent initiatives, notably the President's competitive sourcing initiative and the Commercial Activities Panel. Pages: 25 Date: April 6, 2007