SUPPLEMENTARY INFORMATION:

I. Background

Every two years, the trade agreements thresholds are adjusted according to a pre-determined formula set forth in the agreements. The United States Trade Representative has specified the following new thresholds in the Federal Register (see 76 FR 76808, published on December 8, 2011):

II. Discussion and Analysis

This final rule implements the new thresholds in FAR subpart 25.4, Trade Agreements, and other sections in the FAR that include trade agreements thresholds ( i.e., 22.1503, 25.202, 25.603, 25.1101, and 25.1102).

In addition, changes are required to FAR clause 52.204-8, Annual Representations and Certifications, and FAR clause 52.222-19, Child Labor-Cooperation with Authorities and Remedies. Conforming changes are also required to the clause dates in FAR clause 52.212-5, Contract Terms and Conditions Required to Implement Statutes or Executive Orders-Commercial Items, and FAR clause 52.213-4, Terms and Conditions-Simplified Acquisitions (Other Than Commercial Items).

III. Executive Orders 12866 and 13563

Executive Orders (E.O.s) 12866 and 13563 direct agencies to assess all costs and benefits of available regulatory alternatives and, if regulation is necessary, to select regulatory approaches that maximize net benefits (including potential economic, environmental, public health and safety effects, distributive impacts, and equity). E.O. 13563 emphasizes the importance of quantifying both costs and benefits, of reducing costs, of harmonizing rules, and of promoting flexibility. This is not a significant regulatory action and, therefore, was not subject to review under Section 6(b) of E.O. 12866, Regulatory Planning and Review, dated September 30, 1993. This rule is not a major rule under 5 U.S.C. 804.

IV. Regulatory Flexibility Act

The Regulatory Flexibility Act does not apply to this rule because this final rule does not constitute a significant FAR revision within the meaning of FAR 1.501-1 and 41 U.S.C. 1707 and does not require publication for public comment.

V. Paperwork Reduction Act

The final rule does not contain any information collection requirements that require the approval of the Office of Management and Budget under the Paperwork Reduction Act (44 U.S.C. chapter 35).

Therefore, DoD, GSA, and NASA amend 48 CFR parts 22, 25, and 52 as set forth below:

1. The authority citation for 48 CFR parts 22, 25, and 52 continues to read as follows:

Authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 137; and 42 U.S.C. 2473(c).

2. Amend section 22.1503 by removing from paragraph (b)(3) “$70,079” and adding “$77,494” in its place, and by removing from paragraph (b)(4) “$203,000” and adding “$202,000” in its place.

3. Amend section 25.202 by removing from paragraph (c) “$7,804,000” and adding “$7,777,000” in its place.

4. Amend section 25.402 by revising the table in paragraph (b) to read as follows:

5. Amend section 25.603 by removing from paragraph (c)(1) “$7,804,000” and adding “$7,777,000” in its place.

6. Amend section 25.1101 by—

a. Removing from paragraph (b)(1)(i)(A) “$203,000” and adding “$202,000” in its place;

b. Removing from paragraphs (b)(1)(iii) and (b)(2)(iii) “$70,079” and adding “$77,494” in its place; and

c. Removing from paragraphs (c)(1) and (d) “$203,000” and adding “202,000” in its place.

7. Amend section 25.1102 by—

a. Removing from the introductory text of paragraph (a) “$7,804,000” and adding “$7,777,000” in its place;

b. Removing from the introductory text of paragraph (c) “$7,804,000” and adding “$7,777,000” in its place;

c. Removing from paragraph (c)(3) “$7,804,000” and “$9,110,318” and adding “$7,777,000” and “$10,074,262” in their place, respectively; and

d. Removing from paragraph (d)(3) “$7,804,000” and “$9,110,318” and adding “$7,777,000” and “$10,074,262” in their place, respectively.

8. Amend section 52.204-8 by revising the date of the provision as set forth below, and removing from paragraph (c)(1)(xvii)(C) “$67,826” and adding “$77,494” in its place.

9. Amend section 52.212-5 by revising the date of the clause and paragraph (b)(27) to read as follows:

10. Amend section 52.213-4 by revising the date of the clause and paragraph (b)(1)(i) to read as follows:

11. Amend section 52.222-19 by revising the date of the clause; removing from paragraph (a)(3) “$70,079” and adding “$77,494” in its place; and removing from paragraph (a)(4) “$203,000” and adding “$202,000” in ( printed page 12935) its place. The revised text reads as follows: