Bill > HR2069

This bill aims to increase transparency in federal spending by amending the Federal Funding Accountability and Transparency Act of 2006 to require reporting of "other transaction agreements" (OTAs) on USAspending.gov, a public website that tracks federal spending. The bill mandates that within three years, data on OTAs (which are flexible agreements often used by agencies like the Department of Defense for research and prototype development) must be automatically transmitted to and centrally viewable on the website. Additionally, the bill requires an annual report detailing the total amount of federal spending not yet posted online, with explanations for any unposted spending, such as national security-related expenditures or grants from legislative or judicial branches. The legislation also requires the Secretary of the Treasury and the Office of Management and Budget to develop an implementation plan, ensure data quality and accuracy, and establish display standards for federal agency spending information. Furthermore, the bill calls for the Government Accountability Office (GAO) to review and recommend updates to federal acquisition regulations to incorporate these new transparency requirements. The overall goal is to provide the public with more comprehensive and accessible information about how federal funds are being spent across different agencies and types of agreements.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/2069/all-info