COST Act

Summary

Cost Openness and Spending Transparency Act of 2021 or the COST Act 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. If the Office of Management and Budget determines that a recipient is failing to comply, it may direct each agency providing federal funds to withhold up to 25% of the funds until the recipient complies.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 March 2021

   Introduced

   Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

   Source: IntroReferral

2. 16 March 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 16 March 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 16 March 2021

  Open at official source

Sponsors

• Joni Ernst · R · Sponsor
• Rick Scott · R · Sponsor
• Rand Paul · R · Sponsor
• Sen. Braun, Mike [R-IN] · R · Sponsor
• Marsha Blackburn · R · Cosponsor
• · ssga00 · Standing

Related records

• related to ← COST Act