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Bill > S1048


US S1048

US S1048
Federal Acquisition and Contracting Transparency Act of 2021 FACT Act


summary

Introduced
03/25/2021
In Committee
03/25/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To require disclosure by Federal contractors of contracts with Chinese entities, and for other purposes.

AI Summary

This bill, the Federal Acquisition and Contracting Transparency Act of 2021 or the FACT Act, requires federal contractors to disclose any contracts or commercial ties they, their first-tier subcontractors, or related entities have with entities owned, controlled, or influenced by the government of China, the Chinese Communist Party, or the Chinese military. The bill also requires the General Services Administration to establish and maintain a public database containing this disclosure information. Key terms like "covered entity" and "covered information" are defined in the bill to clarify the scope of the disclosure requirements.

Committee Categories

Military Affairs and Security

Sponsors (1)

Last Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 03/25/2021)

bill text


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