delete PART 431—CONTRACT COST PRINCIPLES AND PROCEDURES
Designates the Senior Procurement Executive (SPE) as the official authorized to approve individual and class deviations from federal cost principles, with class deviations requiring coordination with the Civilian Agency Acquisition Council (CAAC).
Maintains a redundant approval layer that consumes resources, encourages regulatory gaming by firms seeking special exceptions, and entrenches a complex cost principle regime that disadvantages small businesses while adding to the inscrutable regulatory codebase.