HR 1937 117th Congress House Economics and Public Finance Executive agency funding and structure Government information and archives Public contracts and procurement Research administration and funding State and local government operations

COST Act of 2021

Introduced: March 16, 2021 Introduced by: Norman, Ralph Republican · South Carolina See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 16, 2021

Referred to the House Committee on Oversight and Reform.

Mar 16, 2021

Introduced in House

Plain-English summary Congressional Research Service

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 proposal, 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's happening now March 16, 2021

Referred to the House Committee on Oversight and Reform.

Committees of jurisdiction 1