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S 760 117th Congress Senate Government Operations and Politics Executive agency funding and structure Government information and archives Public contracts and procurement Research administration and funding State and local government operations

COST Act

Introduced: March 16, 2021 Introduced by: Ernst, Joni Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2021
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Mar 16, 2021
Introduced in Senate
 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 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's happening now March 16, 2021

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3