COST Act of 2021
- Last Action
- 3/16/2021
Actions
- 2021-03-16Referred to the House Committee on Oversight and Reform.
- 2021-03-16Introduced in House
- 2021-03-16Introduced in House
CRS Summary
As of 2021-03-16 (00)
Cost Openness and Spending Transparency Act of 2021 or the COST Act
This bill requires recipients of federal funds to disclose financing information relating to programs, projects, or activities carried out using such funds.
Specifically, such a recipient (including a state or local government or a recipient of a federal research grant) must clearly state in any press release, request for proposal, bid solicitation, or other document describing the activity the amount and percentage of federal funding and the amount and percentage of nongovernmental funding.
If the Office of Management and Budget determines that a recipient is failing to comply, it may direct each agency providing federal funds to withhold up to 25% of the funds until the recipient complies.
Cosponsors (12)
- Jake LaTurner (R-KS)
- Lisa McClain (R-MI)
- KEN CALVERT (R-CA)
- Matt Gaetz (R-FL)
- PETE SESSIONS (R-TX)
- Paul Gosar (R-AZ)
- William Timmons (R-SC)
- Nancy Mace (R-SC)
- Randy Weber (R-TX)
- Fred Keller (R-PA)
- Ted Budd (R-NC)
- John Rutherford (R-FL)
Subjects
- Executive agency funding and structure
- Government information and archives
- Public contracts and procurement
- Research administration and funding
- State and local government operations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.