China Funding Transparency Act: Federal Spending Reporting
This act aims to increase transparency in federal spending. It requires government agencies to annually report how much funding goes to Chinese individuals and entities, as well as to collaborative projects with China. This will provide citizens with a clear picture of how their tax dollars are used in relation to China.
Key points
The U.S. government will be required to disclose annually how much federal money goes to Chinese companies, individuals, and institutions.
Reports will detail funding for programs and projects conducted jointly with China.
The first report will cover data from the past 10 fiscal years, providing a broad historical overview of expenditures.
Status:
Expired
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