+----------------+-----------------------------------------------------+
|   ----------   | **U.S. E[lection]{.smallcaps}                       |
| -------------- | A[ssistance]{.smallcaps} C[ommission]{.smallcaps}** |
| -------------- |                                                     |
| -------------- | **1225 New York Ave. NW -- Suite 1100**             |
|   ![](medi     |                                                     |
| a/image1.png){ | **Washington, DC 20005**                            |
| width="1.10972 |                                                     |
| 22222222223in" |                                                     |
|   he           |                                                     |
| ight="1.127777 |                                                     |
| 7777777778in"} |                                                     |
|                |                                                     |
|   ----------   |                                                     |
| -------------- |                                                     |
| -------------- |                                                     |
| -------------- |                                                     |
+----------------+-----------------------------------------------------+

**[FEDERAL FUNDING ACCOUNTABILITY]{.underline}**

**[AND TRANSPARENCY ACT]{.underline}**

In 2006, Congress passed the Federal Funding Accountability and
Transparency Act (FFATA) which requires that all federal agencies
provide and post certain information regarding grants, contracts and
other distributions of federal funds. The Act requires that the
information is posted on a single, free of charge website
([www.usaspending.gov](http://www.usaspending.gov/)). The Office of
Management and Budget has issued regulations and guidance under FFATA
specifying what information and how agencies are to report the data
regarding contracts and grants. The Act and regulations require agencies
to begin reporting such data in FY 2007.

The following information must be reported regarding grants and
contracts issued by the EAC:

-   The name of the entity receiving the award

-   The amount of the award

-   Information on the award including transaction type, funding agency,
    the North American Industry Classification System Code or Catalog of
    Federal Domestic Assistance number (where applicable), program
    source, and an award title descriptive of the purpose of each
    funding action

-   The location of the entity receiving the award and the primary
    location of performance under the award, including the city, State,
    congressional district, and country

-   A unique identifier of the entity receiving the award and of the
    parent entity of the recipient, should the entity be owned by
    another entity (this is the Dunn and Bradstreet number -- DUNS
    number---according to OMB regulation)

-   The names and total compensation of the five most highly compensated
    officers of the entity if --

    -   The entity in the preceding fiscal year received (1) 80 percent
        or more of its annual gross revenue in Federal awards and (2)
        \$25,000,000 or more in annual gross revenues from Federal
        awards

    -   The public does not nave access to information about the
        compensation of the senior executives of the entity through
        periodic reports filed under section 13(a) or 15(d) of the
        Securities and Exchange Act of 1934.

FFATA requires that all executive branch agencies report this
information beginning in FY 2007. In addition, as of January 1, 2009,
EAC will have to report the same data for subawards and subgrants in the
same manner and regarding the same data points as are currently required
for grant awards and contracts.

OMB regulations further require that certain information be included in
the solicitations for contracts and grants to inform the potential
recipients of the reporting requirements.