arrow_back Back to App

Increased Transparency of US Federal Spending in China.

This law requires federal agencies and the Office of Management and Budget to report annually on how much US taxpayer money is provided to Chinese entities, individuals, or joint projects. The goal is to increase transparency regarding the use of federal funds abroad, allowing citizens and Congress better oversight of spending. The initial report must cover the preceding 10 fiscal years, providing a broad view of historical financial flows.
Key points
Mandatory disclosure of all federal funds provided directly or indirectly to Chinese entities, including the government, the Chinese Communist Party (CCP), and Chinese campuses of US universities.
Requirement to report on funds allocated to programs, projects, or activities conducted in partnership with Chinese entities or carried out by federal employees in China.
Provides citizens with detailed information on how their money is spent in the context of US-China relations, enhancing public financial oversight.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_3582
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2024-01-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Our Money in China Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3582.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-11.

What are the main provisions?

Key points include:

  • Mandatory disclosure of all federal funds provided directly or indirectly to Chinese entities, including the government, the Chinese Communist Party (CCP), and Chinese campuses of US universities.
  • Requirement to report on funds allocated to programs, projects, or activities conducted in partnership with Chinese entities or carried out by federal employees in China.
  • Provides citizens with detailed information on how their money is spent in the context of US-China relations, enhancing public financial oversight.
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. Scott, Rick [R-FL].

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 2025-12-26.

CATEGORIES

Economy Public Investments