GONE Act

Grants Oversight and New Efficiency Act or the GONE Act Requires the Office of Management and Budget (OMB) to instruct the head of each federal agency, in coordination with the Department of Health and Human Services (HHS), to submit to Congress and HHS, by December 31 of the first calendar year beginning after this Act's enactment, a report that: (1) lists each covered grant held by the U.S. government; (2) recommends which of such grants should be closed; and (3) explains why a covered grant has not been closed out. Directs each agency head: (1) within one year after submitting such report, to notify HHS regarding whether grant awards associated with all of the covered grants have been closed out; and (2) within 90 days after notifying HHS, to so notify Congress. Defines "covered grant" to mean a grant in a federal agency cash payment management system held by the U.S. government for which: (1) the grant award period of performance, including any extensions, has been expired for at least two years; and (2) the grant has not been closed out.