Tag Archives: The Office of Management and Budget (OMB)

Government Contractors May See Changes in Cybersecurity and IT Procurement

▪ Written by
On Monday, June 19, 2017, President Trump’s newly established American Technology Council met for the first time at the White House to begin discussions on modernizing government information technology (IT) systems. As President Trump reportedly stated during the meeting, “Our goal is to lead a sweeping transformation of the federal government’s technology that will deliver dramatically better services for citizens.… Government needs to catch up with the technology revolution.” Executives from companies such as Amazon, Apple, Intel, Adobe, Akamai, and Microsoft were in attendance. When [...]Read more

Jeff Belkin and Tony Balloon Quoted in The Wall Street Journal

▪ Written by
On February 29, Jeff Belkin and Tony Balloon were quoted in The Wall Street Journal explaining the Office of Management and Budget’s new mandate on electronic invoicing and how it will impact government contractors and raise additional cybersecurity concerns. “Any time you’re talking about moving money—particularly this volume—there’s going to be a significant level of scrutiny on compliance infrastructure and risk mitigation and fraud mitigation. There will be more scrutiny on what is already a highly regulated area of finance,” said Balloon. “It’s not clear if any financial [...]Read more

Jeff Belkin and Tony Balloon Quoted in General Counsel News on New OMB E-Voicing Mandate

▪ Written by
On February 18, Jeff Belkin and Tony Balloon were quoted in General Counsel News regarding a new mandate from the Office of Management and Budget requiring that all billing and invoicing from government contractors and federal agencies be electronic. They advise government contractors and payment service providers to prepare and implement clear, practical methods of e-payments based on the new mandate. To learn more about Belkin’s and Balloon’s comments, see “Federal Mandate on E-Voicing & Government Contract Compliance.” [...]Read more