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Transparency of Federal Spending in China: New Reporting Rules

This new act requires government agencies to annually report how much federal money goes to Chinese individuals and entities. This aims to increase transparency of public spending and show how funds are used in relations with China. Citizens will gain access to information on where their tax money is specifically going.
Key points
The U.S. government will be required to annually disclose how much federal money is provided to Chinese entities and individuals.
Reports will include details on collaborations with China, including jointly conducted programs and projects.
The initial report will cover data from the past 10 fiscal years, providing a broad overview of historical spending.
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Additional Information
Our Money in China Transparency Act
Print number: HR 1129
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2021-02-18