To expand reporting on subcontracts and subgrants made under Federal awards, and for other purposes.

Bill 118 hr 10394, also known as the "Subcontract Transparency and Accountability Act," aims to increase transparency and accountability in the use of federal funds by requiring expanded reporting on subcontracts and subgrants made under federal awards. The bill seeks to address concerns about the lack of visibility into how federal funds are being used by requiring recipients of federal awards to report detailed information on subcontracts and subgrants.

Under the provisions of the bill, recipients of federal awards would be required to report information such as the name and address of the subcontractor or subgrantee, the amount of the subcontract or subgrant, the purpose of the subcontract or subgrant, and the performance of the subcontract or subgrant. This information would be made publicly available in a searchable database, allowing for greater transparency and oversight of federal spending.

The bill also includes provisions to ensure compliance with reporting requirements, including penalties for non-compliance and provisions for audits and investigations. Additionally, the bill includes measures to protect sensitive information, such as proprietary or confidential business information, from disclosure. Overall, the Subcontract Transparency and Accountability Act aims to improve transparency and accountability in the use of federal funds by requiring recipients of federal awards to report detailed information on subcontracts and subgrants. By increasing visibility into how federal funds are being used, the bill seeks to ensure that taxpayer dollars are being spent effectively and efficiently.