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The Defense Production Act (DPA) of 1950 (Pub. L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War. [1] It was part of a broad civil defense and war mobilization effort in the context of the Cold War .
The Federal Property and Administrative Services Act of 1949 is the United States federal law which established the General Services Administration (GSA). [1] The act also provides for various Federal Standards to be published by the GSA. Among these is Federal Standard 1037C, a comprehensive source of definitions of terms used in ...
The 2018 NDAA included the Modernizing Government Technology Act (MGT Act), which would fund IT modernization projects in the federal government with $250 million each in fiscal 2018 and fiscal 2019. The money is to be held by GSA in a category called the Technology Modernization Fund. The MGT act requires agency CIOs to evaluate applications ...
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
The Trump administration's budget proposal was released on March 11, 2019. [2] [3]On August 1, 2019, the Bipartisan Budget Act of 2019 was passed by the House.The next day, on August 2, 2019, the bill was passed by the Senate and signed into law by President Trump.
In 1972 GSA established the Automated Data and Telecommunications Service, which later became the Office of Information Resources Management. In 1973 GSA created the Office of Federal Management Policy. GSA's Office of Acquisition Policy centralized procurement policy in 1978.
Announced biggest rate hike since 1994 to continue combat inflation. George dissented, preferring a 50-basis-point upward adjustment to the policy rate. Official statement: May 4, 2022 0.75%–1.00% 1.00% 9–0 Announced biggest rate hike since May 2000 to combat inflation. Official statement: March 16, 2022 0.25%–0.50% 0.50% 8–1