The Interagency Task Force’s efforts to reform OMB Circular A-21 and the Administration’s other efforts on reducing regulatory burden are of critical importance to our member institutions. Improved alignment of cost principles and regulatory policies is essential to the health of the university-government research partnership and to the efficient and productive use of federal research funding. Given increasing fiscal constraints facing our universities, it is imperative that we work to ensure efficiency in government regulation to reduce the costs of compliance and to maximize the productivity of researchers.