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Increased Transparency in Federal Spending and Subcontracting Data

This law significantly boosts public transparency regarding how federal funds are spent by requiring recipients to disclose the dollar amount of all subcontracts and subgrants. Furthermore, entities receiving federal awards must now report the race, ethnicity, veteran status, and sex of their five most highly compensated officers. This allows citizens to better track taxpayer money and assess diversity among top leadership benefiting from federal contracts.
Key points
Mandatory disclosure of the dollar amount for all subcontracts and subgrants awarded under federal funding.
Requirement to report demographic data (race, sex, veteran status) for the five highest-paid executives in companies receiving federal funds.
The government must update the public spending website within 180 days to include this new, detailed information.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_S_5507
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2024-12-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Increasing Transparency and Accountability in Federal Spending Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5507.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-12-12.

What are the main provisions?

Key points include:

  • Mandatory disclosure of the dollar amount for all subcontracts and subgrants awarded under federal funding.
  • Requirement to report demographic data (race, sex, veteran status) for the five highest-paid executives in companies receiving federal funds.
  • The government must update the public spending website within 180 days to include this new, detailed information.
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. Booker, Cory A. [D-NJ].

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

Public Investments Economy