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Expands federal spending transparency by requiring Other Transaction Agreements (OTAs) to appear on USAspending.gov and by tightening data quality, consistency, and oversight. It directs the Treasury Department and OMB to ensure OTA data is posted, set uniform standards for how award data is reported and displayed, and publish a current list of agencies that must report. It also requires annual public reporting on any missing award data, sets deadlines for Inspector General reviews, and tasks the Government Accountability Office to recommend updates to a key Federal Acquisition Regulation clause so contractor reporting aligns with the transparency law, all within one year of enactment.
Amends Section 2(a) of the Federal Funding Accountability and Transparency Act to add 'other transaction agreements' to the types of covered instruments reported under that section, and updates related cross-references in paragraph (7).
Adds a new subsection (e) to Section 4 requiring that, not later than 3 years after enactment, the Secretary ensure data relating to other transaction agreements is automatically transmitted to the website established under Section 2 (USAspending.gov) and that a centralized view of that data is available on the website.
Adds a new annual-reporting subsection (h) to Section 2 requiring the Secretary, in consultation with the Director, to post to USAspending.gov not later than 1 year after enactment and annually thereafter a report that (1) states the total amount of Federal spending on Federal awards for which data has not been posted to the website and (2) explains why that data has not been posted, including whether the spending was national security-related/classified, a grant/contract awarded or entered into by a legislative or judicial branch agency, or a subaward below a primary subaward.
Defines terms for the implementation plan subsection: 'Director' means the Director of the Office of Management and Budget; 'relevant agency' means a Federal agency that has authority to enter into an other transaction agreement as determined by the Director; 'Secretary' means the Secretary of the Treasury; 'USAspending.gov' means the website established under Section 2 of the Federal Funding Accountability and Transparency Act of 2006.
If the Secretary has not complied with the new Section 4(e) by 1 year after enactment, the Secretary, in coordination with the Director and heads of relevant agencies, must publish on USAspending.gov a report listing and describing all other transaction agreements entered into by relevant agencies for the fiscal year preceding the fiscal year in which the report is published.
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Referred to the House Committee on Oversight and Government Reform.
Introduced March 11, 2025 by Barry Moore · Last progress March 11, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Oversight and Government Reform.
Introduced in House