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Increased Public Spending Transparency: Disclosing Project Funding Sources.

New rules require projects funded by federal money to clearly state how much comes from the government and how much from other sources. This aims to increase transparency in public spending, allowing citizens to better understand how their taxes are used and where the money for initiatives comes from.
Key points
Any project partially or wholly funded by federal money must clearly state the percentage and dollar amount of federal funds.
The percentage and dollar amount of funds from non-governmental sources must also be disclosed.
Non-compliance can result in up to 25% of federal funds being withheld from the individual or entity.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1937
Sponsor: Rep. Norman, Ralph [R-SC-5]
Process start date: 2021-03-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

COST Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1937.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-16.

What are the main provisions?

Key points include:

  • Any project partially or wholly funded by federal money must clearly state the percentage and dollar amount of federal funds.
  • The percentage and dollar amount of funds from non-governmental sources must also be disclosed.
  • Non-compliance can result in up to 25% of federal funds being withheld from the individual or entity.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Norman, Ralph [R-SC-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Public Investments Economy