A bill to expand reporting on subcontracts and subgrants made under Federal awards, and for other purposes.

Bill 118 s 5507, 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 any subcontracts or subgrants they make using those funds.

Specifically, the bill requires recipients of federal awards to report the following information on any subcontracts or subgrants they make:

- The name and address of the entity receiving the subcontract or subgrant - The amount of the subcontract or subgrant - A description of the goods or services provided under the subcontract or subgrant - The total amount of federal funds received by the recipient and the percentage of those funds used for subcontracts or subgrants By requiring this additional reporting, the bill aims to increase transparency and accountability in the use of federal funds, ensuring that taxpayer dollars are being used effectively and efficiently. The bill also includes provisions for enforcement and penalties for non-compliance, further incentivizing recipients of federal awards to comply with the reporting requirements. Overall, the Subcontract Transparency and Accountability Act seeks to improve oversight and accountability in the use of federal funds by increasing transparency around subcontracts and subgrants made under federal awards.