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COST Act
Last updated: 2/14/2025 · Introduced: 2/14/2025
Author: Ralph Norman (R-SC)
TL;DR (AI)
- The Cost Openness and Spending Transparency Act of 2025 mandates disclosure of federal funding percentages and amounts for programs receiving federal funds in public communications.
- Entities managing federally funded programs must certify their compliance with these disclosure requirements in performance progress reports.
- The Office of Management and Budget (OMB) will oversee compliance through annual reviews and establish a system for anonymous reporting of violations.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
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