To amend the Federal Funding Accountability and Transparency Act of 2006 to ensure real-time public access to Federal award information.
Federal Spending: Faster Public Reporting of Government Awards
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Oversight and Government Reform. It is actively moving through the system, but no future hearings or votes have been scheduled yet. There is no companion bill listed for this proposal at this time.
Legislative Progress
While the bill has support from both parties, many small transparency bills like this struggle to get a full vote in both the House and Senate.
Key Points
- This bill changes how quickly the government must tell the public about the money it spends. Right now, federal agencies have 30 days to post details about grants and contracts. This bill would require them to post that information within 3 days.
- The main goal is to give Americans real-time access to federal spending data. By speeding up the reporting process, the public can see where tax dollars are going almost as soon as the government makes a spending decision.
- This would mostly affect federal agencies and the people who manage government websites. They would have to update their reporting systems to make sure they can meet the much shorter three-day deadline.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Oversight and Government Reform.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
To amend the Federal Funding Accountability and Transparency Act of 2006 to ensure real-time public access to Federal award information.
Data Sources
Sponsor
Cosponsors
(12)Analysis generated by AI. Always verify with official sources.