The Stop Secret Spending Act of 2024 amends federal transparency law to require that "other transaction agreements"—a type of flexible federal contract often used for research and innovation projects that currently escapes standard reporting—be tracked and disclosed on USAspending.gov, the government's public spending database. The bill directs the Treasury Department to create unique identifiers for these agreements within 90 days of enactment and, within three years, to automatically feed this data into a centralized, searchable view on the website. It also requires an annual public report detailing federal spending that remains unposted to the site, along with reasons for the gaps, such as classified spending or subawards. Additionally, the legislation tightens inspector general reporting deadlines, mandates that federal agencies verify the accuracy of their posted spending data, and requires the Government Accountability Office to recommend updates to related federal contracting regulations. The bill affects federal agencies that use these special contracting authorities, government watchdogs, and the public seeking clearer insight into how billions in federal dollars are spent outside traditional contracts and grants.
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