We use cookies to improve security, personalize the user experience,
enhance our marketing activities (including cooperating with our marketing partners) and for other
business use.
Click "here" to read our Cookie Policy.
By clicking "Accept" you agree to the use of cookies. Read less
Understanding the Commercial Operations Advisory Committee and Its Role
Definition & Meaning
The Commercial Operations Advisory Committee is a group established under section 9503(c) of the Omnibus Budget Reconciliation Act of 1987. This committee, or any successor committee, provides guidance on matters related to commercial operations, particularly in the context of government programs and regulations. Its purpose is to advise on the implementation and oversight of commercial activities that may affect public interests.
Table of content
Legal Use & context
This term is primarily used in administrative and regulatory contexts. The Commercial Operations Advisory Committee plays a role in advising government agencies on how to manage commercial operations effectively. It may involve areas such as public finance, procurement, and compliance with federal regulations. Users may encounter forms and procedures related to the committee's activities, which can often be managed using legal templates from US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
One example of the committee's work could be advising the Department of Commerce on best practices for commercial contracts with private vendors. Another hypothetical example might involve the committee providing recommendations on regulatory changes to improve the efficiency of government procurement processes.
Relevant laws & statutes
The primary statute governing the Commercial Operations Advisory Committee is the Omnibus Budget Reconciliation Act of 1987. This act outlines the committee's formation and responsibilities. Other relevant regulations may pertain to federal procurement and administrative procedures.
Comparison with related terms
Term
Definition
Difference
Advisory Committee
A group that provides expert advice on specific issues.
The Commercial Operations Advisory Committee specifically focuses on commercial operations within government contexts.
Regulatory Agency
An authority that enforces laws and regulations.
The committee advises agencies but does not enforce laws directly.
Common misunderstandings
What to do if this term applies to you
If you are involved in commercial operations that may be influenced by the committee's recommendations, consider reviewing relevant regulations and guidelines. You may find it beneficial to use legal templates from US Legal Forms to assist with compliance and documentation. If your situation is complex, seeking advice from a legal professional is advisable.
Find the legal form that fits your case
Browse our library of 85,000+ state-specific legal templates.