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Tracking Federal Funds to Foreign Entities

This act aims to increase transparency in federal spending. It requires entities receiving US government funds to report if any of that money is passed on to companies or organizations in countries deemed problematic. This allows citizens to have better insight into how their tax dollars are used internationally.
Key points
Increased Transparency: Disclosure of where federal money goes, especially when passed abroad.
Spending Oversight: The government will have a clearer picture if funds are going to entities in countries of concern.
New Reporting Requirements: Entities receiving federal funds will need to report foreign sub-awards.
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Additional Information
Print number: 118_HR_3766
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2023-05-31