A new rule proposed by the White House Office of Management and Budget (OMB) under the Trump administration aims to centralize more control over federal financial assistance to the U.S. President. This revision to 2 CFR Part 200 would reduce the influence of external peer-reviewers and advisors, granting the President greater authority to allocate, pause, or terminate over $1.1 trillion in annual federal funds. Supporters argue this aligns with the President's mandate from the people and improves taxpayer oversight, while opponents express concerns about the concentration of power and potential misalignment with diverse public interests. AI
RANK_REASON Significant policy change proposed by a US federal agency regarding financial assistance control. [lever_c_demoted from significant: ic=1 ai=0.1]
- 2 CFR Part 200
- Donald Trump
- Forbes
- Regulations.gov
- Trump administration
- White House Office of Management and Budget
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