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S. 807: COST Act

The text of the bill below is as of Mar 14, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 807

IN THE SENATE OF THE UNITED STATES

March 14, 2019

(for herself, Mr. Lankford, and Mr. Paul) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

A BILL

To require recipients of Federal funds to disclose information relating to programs, projects, or activities carried out using the Federal funds.

1.

Short title

This Act may be cited as the Cost Openness and Spending Transparency Act of 2019 or the COST Act.

2.

Disclosure requirements for recipients of Federal funds

(a)

In general

Subchapter III of chapter 13 of title 31, United States Code, is amended by adding at the end the following:

1356.

Disclosure requirements for recipients of Federal funds

(a)

In general

An individual or entity (including a State or local government and a recipient of a Federal research grant) carrying out a program, project, or activity that is, in whole or in part, carried out using Federal funds shall clearly state in any statement, press release, requests for proposal, bid solicitation, or other document describing the program, project, or activity, other than a communication containing not more than 280 characters—

(1)

the percentage of the total costs of the program, project, or activity which will be financed with Federal funds;

(2)

the dollar amount of the Federal funds made available for the program, project, or activity; and

(3)

the percentage of the total costs of, and dollar amount for, the program, project, or activity that will be financed by nongovernmental sources.

(b)

Noncompliance

If the Director of the Office of Management and Budget determines that an individual or entity is failing to comply with subsection (a), the Director may direct the head of each agency providing Federal funds to the individual or entity to withhold not more than 25 percent of the amount of Federal funds that would otherwise be provided to the individual or entity, until the date on which the individual or entity complies with subsection (a).

.

(b)

Technical and conforming amendment

The table of sections for subchapter III of chapter 13 of title 31, United States Code, is amended by adding at the end the following:

1356. Disclosure requirements for recipients of Federal funds.

.