Public Law 106–107 (1999)
The Federal Financial Assistance Management Improvement Act of 1999, sometimes called "P.L. 106-107", was passed by Congress to improve coordination among grant-making agencies. Lawmakers also wanted to make the application and reporting process more consistent for people and organizations seeking Federal awards.
The Grants Policy Committee (GPC), composed of federal grants experts, was formed and tasked with carrying out the law. Although P.L. 106-107 expired in 2007, some of its initiatives are still in place. Others have continued to evolve. For example, in 2011, the Office of Management and Budget (OMB) replaced the GPC and the Grants Executive Board (GEB), established in 2002, with a single entity – the Council on Financial Assistance Reform (COFAR).
COFAR built on these the initiatives first outlined in The Federal Financial Assistance Management Improvement Act of 1999. In 2017, COFAR was dissolved by OMB Memorandum M-17-26, Reducing Burden for Federal Agencies by Rescinding and Modifying OMB Memorandum.