summary
Introduced
02/14/2025
02/14/2025
In Committee
02/14/2025
02/14/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To require the disclosure of information relating to the cost of programs, projects, or activities carried out using Federal funds.
AI Summary
This bill, known as the Cost Openness and Spending Transparency (COST) Act of 2025, requires federal agencies, state and local governments, and recipients of federal research grants to provide clear disclosure about the funding of their programs, projects, or activities. Specifically, any document describing such a project must now state the percentage and dollar amount of federal funds, as well as the percentage and dollar amount of funding from non-governmental sources. This applies to most public communications longer than 280 characters. Recipients must also include a certification of compliance with these disclosure requirements in their performance progress reports. The Office of Management and Budget (OMB) will be responsible for annually reviewing a random sample of public communications to ensure compliance and will create a public mechanism for anonymously reporting communications that do not meet the new disclosure requirements. The goal of the bill is to increase transparency about how federal funds are being used across various government and research programs by mandating explicit financial information be shared with the public.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Referred to the House Committee on Oversight and Government Reform. (on 02/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/1387/all-info |
BillText | https://www.congress.gov/119/bills/hr1387/BILLS-119hr1387ih.pdf |
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