On Jan. 22, 2020, the Office of Management and Budget (OMB) issued proposed revisions to numerous provisions within the uniform guidance at 2 C.F.R. Part 200, as well as to other guidance within Title 2, Subtitle A of the Code of Federal Regulations. The following Thompson Grants white paper provides a brief look at the reasons behind the revisions, and discusses some of the key potential changes to the pre-award and definition provisions in Subparts C and A, and post-award and cost principle provisions in Subparts D and E of the uniform guidance.