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To track taxpayer dollars sent to adversarial countries and foreign entities of concern, and for other purposes.
Summary
This bill amends federal transparency law to require tracking and reporting of federal funds that are passed to foreign entities or entities located in countries of concern. Recipients of covered subawards—funds that flow to entities in adversarial countries or foreign entities of concern—must disclose this information using the same reporting methods as regular federal awards. The Director of the Office of Management and Budget must issue guidance within 90 days to establish consistent standards for compliance and data disclosure across federal agencies and contractors. This aims to increase transparency in how federal taxpayer dollars flow to foreign entities through federal contracts and grants.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- Apr 14, 2025 Referred to the House Committee on Oversight and Government Reform. · house
- Apr 14, 2025 Introduced in House
Similar bills (6)
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Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
April 14, 2025
Ms. Stefanik introduced the following bill; which was referred to the Committee on Oversight and Government Reform
A BILL
To track taxpayer dollars sent to adversarial countries and foreign entities of concern, 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 “Tracking Receipts to Adversarial Countries for Knowledge of Spending Act” or the “TRACKS Act”.
SEC. 2. FOREIGN SUBAWARDS.
Section 2 of the Federal Funding Accountability and Transparency Act of 2006 (31 U.S.C. 6101 note; Public Law 109-282) is amended—
(1) in subsection (a), by adding at the end the following:
“(9) Subaward.—The term ‘subaward’—
“(A) means an award, including a grant, contract, cooperative agreement, other transaction agreement, or other financial transaction, provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of a Federal award received by the pass- through entity;
“(B) includes an award described in subparagraph
(A) that is passed from a subrecipient to another subrecipient; and
“(C) does not include payments to a beneficiary of a Federal program.”; and
(2) in subsection (d), by adding at the end the following:
“(3) Reporting of foreign subawards.—
“(A) Definitions.—In this paragraph:
“(i) Covered subaward.—The term ‘covered subaward’—
“(I) means a subaward awarded to— “(aa) an entity located in a foreign country of concern (as defined in section 9901 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (15 U.S.C. 4651)); or “(bb) a foreign entity of concern (as defined in section 9901 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (15 U.S.C. 4651)); and
“(II) includes a subaward described in subclause (I) of any amount.
“(ii) Prime award recipient.—The term ‘prime award recipient’, with respect to a covered subaward, means the entity that directly receives the Federal award from which the covered subaward originates.
“(B) Reporting.—The recipient of a covered subaward shall disclose data with respect to the covered subaward in the same manner as subawards are disclosed in accordance with paragraph (2).
“(C) Guidance.—Not later than 90 days after the date of enactment of the Tracking Receipts to Adversarial Countries for Knowledge of Spending Act, the Director shall issue guidance that establishes consistency for complying with this paragraph for agencies, prime award recipients, and covered subaward recipients, including establishing standards for disclosed data.”. <all>
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