COST Act of 2023

Hozzl · 2023-12-15T16:06:32Z

Explore the details of Senate Bill 778 COST Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

12/15/2023, 4:06 PM

Congressional Summary of S 778

Cost Openness and Spending Transparency Act of 2023 or the COST Act of 2023

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.

An individual or entity carrying out a program, project, or activity that is carried out using federal funds must, as part of the performance progress reporting, include a certification indicating whether the individual or entity complied with the disclosure requirements for communications containing not more than 280 characters relating to the program, project, or activity.

The Office of Management and Budget (OMB) must annually

review a random sampling of public communications issued by agencies and recipients of federal funds for compliance with the disclosure requirements, and
make publicly available the findings of the review.

The OMB must make available to the public a mechanism to anonymously report communications that do not comply.

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Current Status of Bill S 778

Bill S 778 is currently in the status of Bill Introduced since March 14, 2023. Bill S 778 was introduced during Congress 118 and was introduced to the Senate on March 14, 2023. Bill S 778's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of March 14, 2023

Bipartisan Support of Bill S 778

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 778

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill S 778

COST Act of 2023COST Act of 2023Cost Openness and Spending Transparency Act of 2023A bill to require the disclosure of information relating to the cost of programs, projects, or activities carried out using Federal funds.

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