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S. 1048: FACT Act

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 25, 2021.

Federal Acquisition and Contracting Transparency Act of 2021 or FACT Act

This bill requires the Federal Acquisition Regulatory Council to amend the Federal Acquisition Regulation to require that a contractor, as a condition for being awarded a contract for the procurement of goods or services, disclose recent or current contracts or commercial ties with certain Chinese entities.

The General Services Administration must establish and maintain a public database containing information about disclosed contracts.