New Federal Grant Rules: Transparency and Accountability
This act requires federal agencies to report suspended or terminated grants to a central registry. This aims to increase transparency in public spending and prevent further funding to entities that failed to meet prior obligations. Citizens may indirectly benefit from better management of taxpayer money.
Key points
Government agencies must report suspended or terminated grants to the Office of Management and Budget.
A public list of entities with suspended or terminated grants will be maintained.
Listed entities will not receive new grants until they resolve previous issues.
Expired
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