Last month, the General Services Administration (GSA) published a proposed rule that, if finalized, would do away with one of the most burdensome compliance requirements posed by Federal Supply Schedule (FSS) contracts.1 Specifically, through the proposed rule, the GSA seeks to modify the Price Reductions Clause (PRC) 2 to exempt from its application certain contracts, and those contracts would instead include a new monthly commercial sales reporting requirement. While the proposed relief from the PRC is certainly welcome news to most FSS contract holders, the proposed reporting provisions pose a new set of compliance challenges for holders of GSA-administered FSS and other GSA government-wide contracts.
