Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 6, 7, 10, 18, 26, 37, and 41
Proposed FAR overhaul does not directly regulate money services businesses, but may indirectly affect MSBs that contract with the federal government. No immediate compliance action required for most MSBs.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. MSBs that are federal contractors or subcontractors should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days after publication (approx. Aug 22, 2026). Final rule effective date TBD.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Proposed amendments to FAR Parts 6,7,10,18,26,37,41 aim to streamline acquisition processes; no direct changes to AML/BSA or money transmission rules.
Who it affects
MSBs that are federal contractors or subcontractors
What you must do
Monitor final rule; no immediate action needed unless your business is a federal contractor.
Deadline
Comment period ends 60 days after publication (approx. Aug 22, 2026). Final rule effective date TBD.
Never miss a change like this again
Aforeworn watches Money Services & Money Transmitters around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in Money Services & Money Transmitters
- Promoting Fair and Open Competitive Bidding in the E-Rate Program; Schools and Libraries Universal Service Support Mechanism
- Revising Firearms Transaction Record, “Form 4473”
- Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Nasdaq Bitcoin Index Options
- Enhancing Know-Your-Customer Requirements
- Proposed Revisions to the Federal Reserve Policy on Payment System Risk and the Guidelines for Account and Services Requests