Increased Tracking of Federal Funds Sent to Foreign Countries of Concern.
This law aims to increase transparency regarding how federal funds are spent abroad. It requires organizations receiving US government awards to report if any portion of that money is passed on to entities located in countries designated as "foreign countries of concern." The goal is to ensure taxpayer dollars are not unknowingly supporting potentially adversarial foreign interests.
Key points
Mandates the reporting of all federal subawards granted to entities located in designated "foreign countries of concern."
Enhances government oversight of how US taxpayer money is distributed and spent internationally, regardless of the amount.
Expired
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