Truth in Financing Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R PaulSponsor

No cosponsors.

What it does: CRS summary · Introduced in House · Mar 20, 2003

Truth in Financing Act - Disqualifies any recipient of Federal funds from Federal funding of any type if, at a time when the recipient is receiving Federal funds for any of the recipient's activities, the recipient is found by any Federal agency or Federal or State court to have: (1) made a false statement on an application for Federal funds; (2) violated any Federal law or regulation or State or local law punishable by imprisonment for at least 6 months or a fine of at least $5,000; and (3) aided or abetted the violation of any law or regulation described in clause (2).

Permits any U.S. citizen to bring a private cause of action against any organization receiving Federal funds for any violation of the above.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Truth in Financing Act

Latest action (Mar 20, 2003): Referred to the House Committee on Government Reform.

Policy area: Economics and Public Finance · Origin: House · Introduced: Mar 20, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.