The UAP Transparency Act would require the federal government to declassify and publicly release all documents, reports, and records related to unidentified anomalous phenomena within 270 days of the law's enactment. The bill applies to every federal department and agency holding such records, with materials to be made available on each agency's public website. The President would also be required to submit an initial progress report to Congress within 360 days, followed by quarterly reports detailing how each federal department and agency is complying with the declassification requirement. The legislation uses the government's official definition of unidentified anomalous phenomena from the 2022 National Defense Authorization Act. No specific funding is allocated in the bill, which focuses on transparency and public access to existing government records rather than new initiatives.