Tracking Federal Funds Sent to Entities in Adversarial Countries.
This law increases oversight of how federal money is spent outside the United States. It requires organizations receiving government grants to disclose details about funds passed on (subawards) to entities located in countries designated as foreign countries of concern. The goal is to ensure public funds do not reach entities in hostile states, thereby strengthening national security and taxpayer accountability.
Key points
Organizations using federal funds must now report if they pass any portion of those funds to entities in 'countries of concern.'
All amounts transferred to these countries must be disclosed, regardless of the size of the payment, enhancing financial transparency.
This change aims to protect national security interests by tracking the flow of taxpayer money abroad.
Expired
Citizen Poll