The FM Standards are updated regularly to ensure they are kept current based on:

• Revisions to existing or new authoritative or other references
• Agency recommendations
• Solution/service provider recommendations
• Updates in other standards areas that have a touchpoint with FFM
• Feedback provided by the public or industry
• Administrative updates based on revisions to FIBF guidance documents or templates

For calendar year 2026, Treasury will issue two FMCF releases, with four incremental comment periods. This approach will enable Core FS vendors to incorporate new requirements into their product roadmaps and provide agencies with insight into proposed changes. The May 2026 release will communicate information to the FFM community in advance that will take effect with the publication of the November 2026 release. 

Fiscal Service plans, researches, and prepares the FM Standards updates for Business Standards Council (BSC), public review, and OMB concurrence. The figure below provides an overview of the update process and activities. Fiscal Service collaborates with GSA's Office of Shared Solutions and Performance Improvement (OSSPI) through this process.

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