The Office of Management and Budget (OMB) has issued one of the most significant proposed overhauls to federal grants management in over a decade. Published in the Federal Register on May 29, 2026, the proposed rule would revise the Uniform Guidance — OMB’s governmentwide framework governing grants, cooperative agreements, and other forms of federal financial assistance — codified at Title 2 of the Code of Federal Regulations (2 CFR).