COST Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 16, 2021)
Cost Openness and Spending Transparency Act of 2021 or the COST Act
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.
If the Office of Management and Budget determines that a recipient is failing to comply, it may direct each agency providing federal funds to withhold up to 25% of the funds until the recipient complies.
What just happenedMar 16, 2021
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Who’s behind it
- Introduced in SenateMar 16, 2021
- Mar 16, 2021IntroReferral
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Homeland Security and Governmental Affairs Committee - Mar 16, 2021IntroReferral10000
Introduced in Senate