What is Covered Federal Action? A Comprehensive Legal Overview
Definition & Meaning
The term covered federal action refers to specific actions taken by the federal government that involve the allocation of funds or resources. These actions include:
- Awarding any federal contract
- Making any federal grant
- Issuing any federal loan
- Entering into any cooperative agreement
- Extending, continuing, renewing, amending, or modifying any federal contract, grant, loan, or cooperative agreement
Understanding this term is essential for individuals and organizations involved in federal funding or contracting processes.