Increased Government Spending Transparency: Ending Secret Federal Contracts.
This law significantly boosts federal spending transparency by requiring agencies to disclose details about special contracting methods known as "other transaction agreements" (OTAs), which were often previously hidden. Citizens will gain better insight into how their tax dollars are spent, as this data must be published on USAspending.gov. Furthermore, the government must annually report on all funds spent without public disclosure and explain the reasons for the secrecy.
Key points
All special government agreements (OTAs) must be publicly disclosed on USAspending.gov, increasing oversight of federal expenditures.
The government must annually report the total amount of federal money spent without public posting (e.g., due to national security) and provide reasons for the non-disclosure.
New standards are established to ensure that spending data published by federal agencies is complete, accurate, and consistent.
Status:
Placed on Calendar
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