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Increased Public Spending Transparency: Disclosing Funding Sources

This new law requires organizations and state/local governments receiving federal funds to clearly state how much of those funds come from the federal budget and how much from other sources. This aims to increase transparency in public spending, allowing citizens to better understand how various projects and programs are financed. Non-compliance may result in a portion of federal funds being withheld.
Key points
Requirement to disclose the percentage of federal and non-governmental funds in project financing.
Obligation to state the exact dollar amount of federal funds allocated to a program or project.
Possibility of withholding up to 25% of federal funds for entities that do not comply with new transparency rules.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_S_760
Sponsor: Sen. Ernst, Joni [R-IA]
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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_760.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-16.

What are the main provisions?

Key points include:

  • Requirement to disclose the percentage of federal and non-governmental funds in project financing.
  • Obligation to state the exact dollar amount of federal funds allocated to a program or project.
  • Possibility of withholding up to 25% of federal funds for entities that do not comply with new transparency rules.
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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Public Investments Courts and Law Economy