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AI Summary: This regulation is an executive order establishing new procedures for government spending efficiency across federal agencies. The order requires agency heads to create centralized technological systems to record and justify payments for contracts, grants, and non-essential travel. Agencies must review and potentially terminate or modify existing contracts, focusing on identifying waste, fraud, and abuse, particularly in contracts with educational institutions and foreign entities. Each agency must develop a system to document and potentially publicly post justifications for payments and travel expenses. The order also implements a 30-day credit card freeze for agency employees, with exceptions for critical services, and requires agencies to review and update their real property inventories and lease agreements. The regulation provides detailed definitions of covered contracts, agencies, and exclusions, such as exempting law enforcement, military, and intelligence-related spending. Agency heads are given significant discretion in implementing the order, consulting with their DOGE (Department of Government Efficiency) Team Leads, and must complete various review and reporting tasks within specified timeframes.