To amend the Federal Funding Accountability and Transparency Act of 2006 to require recipients of Federal awards to collect and report data relating to subawards granted to entities outside of the United States, and for other purposes.
About This Bill
Committee
Latest Action · July 22, 2024
Referred to the House Committee on Oversight and Accountability.
The TRACKS Act requires federal grant recipients to report when they pass money to subcontractors or other entities located in countries of concern, as defined under existing national defense law. Currently, federal funding is tracked through a public transparency database, but there is no requirement to report subawards flowing to foreign entities. This bill closes that gap by mandating that any organization receiving a federal award must disclose if they pass that funding to subrecipients in adversarial countries. The bill affects all federal contractors, universities, nonprofits, and other organizations that receive federal grants and may use subcontractors abroad. The Office of Management and Budget director must issue guidance within 90 days of the law's enactment to establish consistent reporting standards and definitions across federal agencies.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.