OMB Reporting Requirements Do Not Extend to FHWA-Funded Contracts

  The Office of Management and Budget (OMB) recently released new reporting requirements for recipients of federal financial assistance, including grants and loans, in compliance with the Federal Funding Accountability and Transparency Act. Included in the rules is a requirement that recipients report the total compensation of its five most highly compensated individuals. AGC contacted the Federal Highway Administration (FHWA) to clarify that this requirement does not apply to contractors working on contracts funded through the federal-aid highway program. FHWA’s General Counsel has verified that these requirements do not apply.