The Federal Activities Inventory Reform (FAIR) Act of 1998 (P.L. 105-270), requires
Federal agencies to prepare and submit to the Office of Management and Budget (OMB)
inventories of commercial activities performed by Federal employees. The OMB Circular
A-76, Performance of Commercial Activities, further requires agencies to submit
inventories of their inherently governmental activities to OMB. Agencies are required
to submit their inventories to OMB by June 30.