Bill > HR519

This bill aims to improve the Federal Funding Accountability and Transparency Act (FFATA) subaward reporting system by requiring multiple key actions. First, the Inspector General of the General Services Administration must submit a comprehensive report to Congress within 180 days, reviewing the current subaward reporting system's problems, assessing its effectiveness, and providing recommendations for improvements. The bill then mandates that the Administrator, in consultation with other officials, develop and implement an annual plan to update the system, focusing on improving data accuracy, standardizing reporting requirements across federal agencies, reducing reporting burdens on award recipients, increasing data accessibility, and establishing better enforcement mechanisms. The bill also expands the reporting requirement to include the first two tiers of subawards, requiring federal agencies to collect more detailed information about federal award recipients and their subrecipients. Additionally, the Administrator must develop a plan to implement these expanded reporting requirements, with input from stakeholders, and federal agencies must begin implementing this expanded reporting system within two years. The ultimate goal is to create a more transparent, accurate, and comprehensive system for tracking how federal funds are distributed through subawards.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/519/all-info