Bill · H.R. 2917· House(119-HR-2917)
TRACKS Act
- Introduced
- 4/14/2025
- Last activity
- 4/14/2025 — Referred to the House Committee on Oversight and Government Reform.
- Sponsored by
- Elise Stefanik
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "TRACKS Act," aims to track taxpayer dollars sent to adversarial countries and foreign entities of concern. It proposes amendments to the Federal Funding Accountability and Transparency Act of 2006. The legislation seeks to define "subaward" to include various financial transactions passed through entities. It specifically introduces requirements for reporting "covered subawards" that are sent to entities in foreign countries of concern or foreign entities of concern. The Director is tasked with issuing guidance to ensure consistency in these reporting standards.
Yes
Does this make what the government does easier for the public to see?+5
The bill increases transparency by requiring the disclosure of subawards to foreign entities of concern.
The opposite
Would business owners be better off under this?-2
The bill imposes new reporting burdens on entities receiving subawards.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Transparency of Taxpayer Spending: By requiring the disclosure of data regarding covered subawards, the bill aims to track money sent to adversarial countries and foreign entities of concern (Section 2).
-
Establishment of Consistent Reporting Standards: The bill mandates that the Director issue guidance within 90 days to create consistency for agencies, prime award recipients, and covered subaward recipients (Section 2).
Potential Negative Impacts for People
- New Reporting Burdens: The bill requires the recipient of a covered subaward to disclose data regarding that subaward, which creates a new reporting requirement for those entities (Section 2).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+5
- Demographic And Interest Groups
- Good For Business Owners-2
- 4/14/2025
- Referred to the House Committee on Oversight and Government Reform.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.