S. 807

Referred to Committee

COST Act

Introduced 3/14/2019•116th Congress•Senate

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Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

3/14/2019 • Senate

Summary

Cost Openness and Spending Transparency Act of 2019 or the COST Act

This bill requires recipients of federal funds to disclose financing information relating to programs, projects, or activities carried out using such funds.

Specifically, such a recipient (including a state or local government or a recipient of a federal research grant) must clearly state in any press release, request for proposal, bid solicitation, or other document describing the activity the amount and percentage of federal funding and the amount and percentage of nongovernmental funding.

If the Office of Management and Budget determines that a recipient is failing to comply, it may direct each agency providing federal funds to withhold up to 25% of the funds until the recipient complies.

Introduced in Senate • 3/14/2019

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Topics & Subjects

Policy Area: Economics and Public Finance

Executive agency funding and structureGovernment information and archivesPublic contracts and procurementResearch administration and fundingState and local government operations