Federal Acquisition Regulation; Irrevocable Letters of Credit

SUMMARY: DoD, GSA, and NASA are issuing a final rule amending the Federal Acquisition Regulation to remove all references to Office of Federal Procurement Policy Pamphlet No. 7, Use of Irrevocable Letters of Credit, and also provide updated sources of data required to verify the credit worthiness of a financial entity issuing or confirming an irrevocable…