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HR2917119th Congress

TRACKS Act

Sponsored By: Representative Stefanik, Elise M. [R-NY-21]

Introduced

Summary

Expands transparency on federal funds sent to adversarial foreign entities. The TRACKS Act would add a new definition of "subaward" and require reporting of any subaward made to entities in designated "foreign countries of concern" or to "foreign entities of concern," and it would standardize how those foreign subawards are disclosed.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

New reporting rules for foreign subawards

If enacted, recipients of certain subawards would need to report them. This would apply when a subaward goes to an entity in a foreign country of concern or to a foreign entity of concern, as defined in 15 U.S.C. 4651. Reporting would follow the same data and method used for current federal subaward rules, and it would apply to any dollar amount. The bill would define what counts as a subaward and who is a prime award recipient. The Director would have 90 days after enactment to issue guidance and data standards.

Sponsors & CoSponsors

Sponsor

Stefanik, Elise M. [R-NY-21]

NY • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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