Tracking Public Spending in Adversarial Countries: Increased Financial Transparency.
This new law aims to increase transparency in taxpayer money spending, especially when it goes to countries deemed adversarial. This will give citizens better insight into how their money is used, potentially leading to greater accountability in public fund management.
Key points
Introduces a requirement to report how federal grant money is further distributed, especially to entities in adversarial countries.
Defines "subaward" and "foreign entity of concern" to facilitate tracking of financial flows.
Requires recipients of funds to disclose data on transferred money, increasing oversight of public expenditures.
Status:
Introduced
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