Public Health Service Act

An Institution applying for or receiving PHS funding from a grant, cooperative agreement, or contract that is covered by this rule must be in full compliance no later than August 24, 2012; and immediately upon making its institutional Financial Conflict of Interest (FCOI) policy publicly accessible. The new regulations lower the disclosure threshold of FCOI from $10,000 to $5,000, require training on the new policy, require disclosure of all signficant COIs related to institutional responsibilities, require compliance with the rule by subcontractors and require public disclosure (generally on a university web site ) of certain conflicts of interest of senior key personnel.