H.R. 2968 · 118th Congress
Cost Openness and Spending Transparency Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
NormanSponsor6 cosponsors · 6 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Cost Openness and Spending Transparency Act of 2023 or the COST Act of 2023
What it does: CRS summary · Introduced in House · Apr 27, 2023
Cost Openness and Spending Transparency Act of 2023 or the COST Act of 2023
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 proposals, bid solicitation, or other document describing the activity the amount and percentage of federal funding and the amount and percentage of nongovernmental funding.
An individual or entity carrying out a program, project, or activity that is carried out using federal funds must, as part of the performance progress reporting, include a certification indicating whether the individual or entity complied with the disclosure requirements.
The Office of Management and Budget (OMB) must annually
- review a random sampling of public communications issued by agencies and recipients of federal funds for compliance with the disclosure requirements, and
- make publicly available the findings of the review.
The OMB must make available to the public a mechanism to anonymously report communications that do not comply.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: COST Act of 2023
Latest action (Apr 27, 2023): Referred to the House Committee on Oversight and Accountability.
Policy area: Government Operations and Politics · Origin: House · Introduced: Apr 27, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.