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COST Act of 2023

Source: Congress.gov  ·  781 words in original text
This bill requires federal agencies and organizations receiving federal money to clearly disclose how much of their programs, projects or activities are funded by the government versus private sources. The bill establishes a process for reviewing whether organizations follow these disclosure rules and allows the public to report violations.
Federal agencies (government departments and independent regulatory agencies), state and local governments, recipients of federal research grants, and any individual or entity carrying out a program, project or activity using federal funds.
• Organizations using federal funds must clearly state in statements, press releases, requests for proposals, bid solicitations and other documents the percentage of total costs paid by federal funds, the dollar amount of federal funds available, and the percentage and dollar amount of costs paid by non-governmental sources (Sec. 2(b)) • This disclosure requirement does not apply to communications containing 280 characters or fewer (Sec. 2(b)) • Organizations must certify in their performance progress reports whether they complied with disclosure requirements for shorter communications (Sec. 2(c)) • The Director of the Office of Management and Budget must annually review a random sampling of public communications from agencies and federal fund recipients to check compliance and make findings public (Sec. 2(d)) • The Director of the Office of Management and Budget must create a public mechanism for people to anonymously report non-compliant communications within one year of the bill's enactment (Sec. 2(e))
Federal agencies and organizations receiving federal funds must add three specific pieces of information about federal funding to their public communications about programs, projects and activities. A new system for checking compliance and reporting violations will be created.
The bill defines "agency" as an Executive agency (a federal department or agency) or an independent regulatory agency (a government agency that operates independently from the President's direct control).
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.