Grant Transparency Act of 2023

Grant Transparency Act of 2023

This bill establishes transparency requirements for notices of funding opportunity in applications for competitive grants awarded by federal agencies, excluding the Government Accountability Office.

Specifically, each notice of funding opportunity issued by an agency for a competitive grant must include

• a description of any rating system and evaluation and selection criteria the agency uses to assess applications for the grant;
• a statement of whether the agency uses a weighted scoring method and a description of any such method that it uses for the grant, including the amount by which the agency weighs each criterion; and
• any other qualitative or quantitative merit-based approach the agency uses to evaluate an application for the grant.

Bill 118 s 2260, also known as the Grant Transparency Act of 2023, aims to increase transparency and accountability in the distribution of federal grants. The bill requires federal agencies to provide detailed information on their grant programs, including the purpose of the grant, eligibility requirements, and the criteria used to award the grant.

Additionally, the bill mandates that federal agencies publish information on the recipients of grants, including the amount of funding received and the outcomes of the grant-funded projects. This information must be made available to the public in a searchable online database, making it easier for taxpayers to track how their money is being spent.

The Grant Transparency Act of 2023 also includes provisions to improve oversight of grant programs, requiring federal agencies to regularly evaluate the effectiveness of their grant programs and report their findings to Congress. This will help ensure that federal grants are being used efficiently and effectively to achieve their intended goals. Overall, the Grant Transparency Act of 2023 aims to promote transparency, accountability, and effectiveness in the distribution of federal grants, ultimately benefiting taxpayers and improving the impact of grant-funded projects.