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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5507 Introduced in Senate (IS)]

<DOC>

118th CONGRESS
  2d Session
                                S. 5507

 To expand reporting on subcontracts and subgrants made under Federal 
                    awards, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           December 12, 2024

  Mr. Booker introduced the following bill; which was read twice and 
referred to the Committee on Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL

 
 To expand reporting on subcontracts and subgrants made under Federal 
                    awards, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Increasing Transparency and 
Accountability in Federal Spending Act''.

SEC. 2. EXPAND REPORTING ON SUBCONTRACTS AND SUBAWARDS.

    (a) In General.--Section 2 of the Federal Funding Accountability 
and Transparency Act of 2006 (31 U.S.C. 6101 note) is amended--
            (1) in subsection (b)--
                    (A) in paragraph (1)--
                            (i) in the matter preceding subparagraph 
                        (A), by striking ``Not later than January 1, 
                        2008, the'' and inserting ``The'';
                            (ii) in subparagraph (F)(ii), by striking 
                        the period at the end and inserting a 
                        semicolon;
                            (iii) by redesignating subparagraph (G) as 
                        subparagraph (H); and
                            (iv) by inserting after subparagraph (F) 
                        the following:
                    ``(G) the race, ethnicity, veteran status, and sex 
                of the 5 most highly compensated officers of the 
                entity; and''; and
                    (B) in paragraph (2)--
                            (i) by striking ``The website'' and 
                        inserting the following:
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the website''; and
                            (ii) by adding at the end the following:
                    ``(B) Prime and subaward information.--With respect 
                to the information described in paragraph (1)(G), the 
                website shall include data for each fiscal year 
                beginning after the date of the enactment of this 
                subparagraph.''; and
            (2) in subsection (g)(2)--
                    (A) in subparagraph (B), by striking ``; and'' and 
                inserting a semicolon;
                    (B) in subparagraph (C), by striking the period at 
                the end and inserting ``; and''; and
                    (C) by adding at the end the following:
                    ``(D) the dollar amount of each subcontract and 
                subgrant awarded under a Federal award with respect to 
                which subsection (b)(1) applies by the recipient of 
                such Federal award pursuant to a Federal law or 
                regulation.''.
    (b) Website Update Deadline.--The Office of Management and Budget 
shall comply with the requirements under section 2(b)(1) of the Federal 
Funding Accountability and Transparency Act of 2006 (31 U.S.C. 6101 
note), as amended by this section, not later than 180 days after the 
date of enactment of this Act.

SEC. 3. FEDERAL ACQUISITION REGULATION REVISIONS.

    The Federal Acquisition Regulatory Council established under 
section 1302(a) of title 41, United States Code, shall consider and 
evaluate public comments on any regulations proposed pursuant to the 
amendments made by section 2 of this Act and promptly issue a final 
rule, if appropriate and consistent with applicable law.
                                 <all>
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