H.R. 519, the Federal Subaward Reporting System Modernization and Expansion Act, requires the General Services Administration's Inspector General to review the federal government's system for tracking money passed down from prime federal contractors to subcontractors, identify problems causing incomplete or inaccurate reporting, and recommend improvements within 180 days. The bill then directs the GSA Administrator to develop and implement a plan within one year to modernize the reporting system with standardized requirements across agencies, reduce compliance burdens, and make subaward data more accessible to the public. The legislation expands this tracking system to cover the first two tiers of subawards instead of just one, with federal agencies required to begin implementation within two years of the bill's enactment. Annual progress reports to Congress are required until the modernization plan is fully implemented, ensuring continued oversight of this transparency and accountability effort affecting federal contractors, subcontractors, and public oversight of federal spending.
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