Sponsors (6)
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Requires federal agencies to report “other transaction agreements” and related award data to USAspending.gov, tightens and clarifies which agencies must publish federal award information, improves standards for data accuracy and display, and directs oversight reviews to align procurement rules with transparency requirements. It sets deadlines for automatic data feeds (within three years), a one-year timeline for an annual report on unreported award spending, contingency planning if data standards aren’t implemented on time, and a one-year GAO review of a related Federal Acquisition Regulation clause. The law defines key terms, gives the Secretary duties to identify and publish which agencies must post data, updates inspector general reporting deadlines, and requires agencies to ensure completeness and accuracy of posted information. Overall it extends existing federal spending-transparency rules to more contract types and creates timelines and oversight to improve public visibility of federal awards.
Amends section 2(a) of the Federal Funding Accountability and Transparency Act of 2006 to explicitly include “other transaction agreements” in the statute’s coverage and adjusts cross-references in paragraph numbering accordingly.
Defines the term “Director” to mean the Director of the Office of Management and Budget (OMB).
Defines the term “Secretary” to mean the Secretary of the Treasury.
Defines the term “relevant agency” to mean a Federal agency (as defined in section 2(a) of FFATA) that has authority to enter into an other transaction agreement, as determined by the Director.
Defines “USAspending.gov” as the website established under section 2 of the Federal Funding Accountability and Transparency Act of 2006.
Who is affected and how:
Federal agencies: Required to identify whether they hold OTAs and other awards, ensure those awards are reported to USAspending.gov, meet new data-quality and display standards, publish required agency lists, and produce initial inventories/contingency plans if systems or standards lag. Agencies will absorb administrative and IT work to map, validate, and transmit award data and to respond to IG and GAO oversight.
Contractors and award recipients (including OTA recipients): Their awards, payment amounts, and related award-level data will be made publicly available if not already. That increases public transparency of their federal business and may require additional internal data collection and validation to meet reporting standards.
Inspectors General and GAO: Gain clearer statutory deadlines and responsibilities for reporting and review; GAO must review a FAR clause within one year and IGs will follow revised reporting timelines, improving external oversight and potential audits of award reporting gaps.
USAspending.gov and its operators: Must accept new award types, implement display and data-quality standards, and support automated data feeds from agencies; may require technical development and coordination across agencies.
Public, researchers, and Congress: Will have broader, more consistent access to federal award data (including OTAs), improving transparency, auditability, and the ability to analyze federal spending patterns.
Potential costs and tradeoffs:
Risk factors:
Expand sections to see detailed analysis
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced March 5, 2025 by Joni Ernst · Last progress March 5, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 265.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Paul with amendments. Without written report.
Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.