Federal Grant Accountability Act

Bill 119 HR 420, also known as the "Indirect Cost Limitation Act," aims to place restrictions on the amount of indirect costs that can be charged to Federal research awards by institutions of higher education. Indirect costs refer to expenses that are not directly attributable to a specific project or program, such as administrative overhead and facilities maintenance.

The bill seeks to address concerns about the rising costs of research funding and ensure that taxpayer dollars are being used efficiently and effectively. By limiting the amount of indirect costs that can be charged, the bill aims to increase transparency and accountability in the use of Federal research funds.

If passed, the bill would require institutions of higher education to adhere to specific guidelines when calculating and charging indirect costs on Federal research awards. This would help to prevent excessive or unnecessary charges and ensure that research funds are being used for their intended purposes. Overall, Bill 119 HR 420 is designed to promote responsible stewardship of Federal research funds and ensure that institutions of higher education are using taxpayer dollars in a responsible and accountable manner.