What is the Federal Activities Inventory Reform (FAIR) Act of 1998*?
Public Law 105-270, the Federal Activities Inventory Reform Act of 1998, requires that all Government agencies review, annually, the functions that its employees perform. Each agency is required to identify those functions that must be performed by Government employees and those functions that are considered to be commercial activities. Further, each agency is required to submit its list (officially called its Inventory) of commercial activities to OMB each year. Following review by OMB, the FAIR Act inventory is transmitted to Congress and released to the public.
