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The DC Digest
In Today's Issue:
- The Department of Education Allows Institutions to Select from 2 Section 117 Gift Reporting Systems, Upon Expected Release of New Reporting System
- The White House Will Release the Proposed FY21 Budget on February 10
- Tweet of the Week!
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DEPARTMENT OF EDUCATION RELEASES NEW SECTION 117 REPORTING SYSTEM
On December 23, the Education Department announced it would allow institutions to choose between two HEA Section 117 Foreign Gift and Contract Reporting Systems - the existing "E-App" system and a new system which it plans to introduce later this month. The department requested OMB to approve the requirements for the new reporting system by January 2. As of today, the system is still awaiting final approval and changes from OMB before it can be implemented.
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WHITE HOUSE TO RELEASE FY21 BUDGET REQUEST IN FEBRUARY
The White House on Monday announced that it will release its proposed FY21 Budget on February 10. Details about the proposal remain undisclosed, but the request is expected to adhere to spending levels set by last year's deal to raise the Budget Control Act's discretionary spending caps for two years. The bipartisan agreement set FY21 spending levels at $671.5 billion for defense and $626.5 billion in non-defense spending, a combined increase of $10 billion over FY20 spending limits split equally between defense and nondefense spending. The deal also suspended the debt ceiling through July 31, 2021.
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