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In response to GAO's classification of intragovernmental transactions as a governmentwide material weakness, the Office of Management and Budget (OMB) and the IAE collaborated with DOD to create the Federal Agency Registration (FedReg) in 2003. FedReg collects standard data on federal agency buyers and sellers who perform intragovernmental transactions.
FedReg sends data on buyers and sellers to the Intragovernmental Transaction Exchange and Intragovernmental Transaction System to assist in tracking all intragovernmental transactions. FedReg also serves as a sort of government "Yellow Pages," providing information on federal sellers of goods and services. All federal entities engaged in intragovernmental buying or selling must be registered.
FedReg is now embedded within CCR.