Cost-Share Accountability Act of 2023

Bill 118 hr 342, also known as the Cost-Share Accountability Act of 2023, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to increase accountability and transparency in cost-sharing arrangements between the federal government and non-federal entities.

Under the provisions of the Cost-Share Accountability Act, federal agencies would be required to establish clear guidelines and procedures for cost-sharing agreements with non-federal partners. These guidelines would include requirements for documenting the contributions made by each party, as well as mechanisms for monitoring and reporting on the use of these funds.

Additionally, the bill would mandate that federal agencies conduct regular audits of cost-sharing agreements to ensure compliance with the established guidelines. These audits would be subject to review by the Government Accountability Office (GAO) to ensure that taxpayer funds are being used effectively and efficiently. Overall, the Cost-Share Accountability Act of 2023 aims to improve oversight and accountability in cost-sharing arrangements between the federal government and non-federal entities. By establishing clear guidelines and procedures, as well as requiring regular audits, this bill seeks to ensure that taxpayer funds are being used responsibly and in accordance with the intended purposes of these agreements.