Groups would have to report when federal money is passed to certain foreign countries or foreign groups of concern. The bill covers subawards, meaning money passed from one recipient to another to carry out part of a federal award.
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TRACKS Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Oversight and Government Reform.
Latest action on H.R. 2917: Referred to the House Committee on Oversight and Government Reform.
Who this affects: This bill mainly affects groups that receive federal grants, contracts, cooperative agreements, or similar awards and then pass some of that money to others. It matters most when the next recipient is in a foreign country of concern or is a foreign entity of concern under existing defense law. Federal agencies would also have to follow the new guidance and collect more consistent data.
Why this matters: Federal money can move through several groups before it reaches the final recipient, and this bill would make some foreign payments easier to see. It could help Congress, oversight groups, and the public track when taxpayer money reaches foreign countries or foreign groups of concern. It could also add work for groups that receive federal money and pass it along. The size of that burden depends on the Director’s guidance and how agencies carry it out.
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