A bill 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.
Tracking Receipts to Adversarial Countries for Knowledge of Spending Act or the TRACKS Act
This bill requires recipients of federal awards to collect and report data relating to subawards granted to entities located in a foreign country of concern.
The Office of Management and Budget must issue guidance that establishes consistency for complying with this bill's requirements for agencies, prime award recipients, and covered subaward recipients, including establishing standards for disclosed data.
Referred to the House Committee on Oversight and Accountability.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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