University Regulation Streamlining and Harmonization Act of 2016

[AI summary unavailable — showing source text] University Regulation Streamlining and Harmonization Act of 2016 This bill directs the Office of Management and Budget (OMB) to establish a Research Policy Board to review proposed federal regulations, as well as major policies and guidance governing the conduct of scientific and engineering research, at specified research institutions. The President shall appoint an Associate Administrator for the Academic Research Enterprise from within the Office of Information and Regulatory Affairs, who shall serve as a liaison between such office and the Office of Science and Technology Policy (OSTP). OMB shall exempt prime grant-receiving institutions from the monitoring of a subrecipient's single audit of institutional systems and business practices if certain circumstances exist. A single audit is an audit of a non-federal entity that includes its financial statements and federal awards. The threshold for purchases by research institutions using federal grant funds without requiring competitive quotations shall be at least $10,000. The OSTP shall establish a working group within the National Science and Technology Council to coordinate federal research funding agency policies in developing…