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Senate Bill 760
117th Congress(2021-2022)
COST Act
Introduced
Introduced
Introduced in Senate on Mar 16, 2021
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Introduced in Senate 
Mar 16, 2021
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Introduced in Senate(Mar 16, 2021)
Mar 16, 2021
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 760 (Introduced-in-Senate)


117th CONGRESS
1st Session
S. 760


To require recipients of Federal funds to disclose information relating to programs, projects, or activities carried out using the Federal funds.

IN THE SENATE OF THE UNITED STATES

March 16, 2021

Ms. Ernst (for herself, Mr. Scott of Florida, Mr. Paul, and Mr. Braun) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

A BILL

To require recipients of Federal funds to disclose information relating to programs, projects, or activities carried out using the Federal funds.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Cost Openness and Spending Transparency Act of 2021” or the “COST Act”.

SEC. 2. Disclosure requirements for recipients of Federal funds.

(a) In general.—Subchapter III of chapter 13 of title 31, United States Code, is amended by adding at the end the following:

Ҥ 1356. Disclosure requirements for recipients of Federal funds

“(a) In general.—An individual or entity (including a State or local government and a recipient of a Federal research grant) carrying out a program, project, or activity that is, in whole or in part, carried out using Federal funds shall clearly state in any statement, press release, request for proposals, bid solicitation, or other document describing the program, project, or activity, other than a communication containing not more than 280 characters—

“(1) the percentage of the total costs of the program, project, or activity which will be financed with Federal funds;

“(2) the dollar amount of the Federal funds made available for the program, project, or activity; and

“(3) the percentage of the total costs of, and dollar amount for, the program, project, or activity that will be financed by nongovernmental sources.

“(b) Noncompliance.—If the Director of the Office of Management and Budget determines that an individual or entity is failing to comply with subsection (a), the Director may direct the head of each agency providing Federal funds to the individual or entity to withhold not more than 25 percent of the amount of Federal funds that would otherwise be provided to the individual or entity, until the date on which the individual or entity complies with subsection (a).”.

(b) Technical and conforming amendment.—The table of sections for subchapter III of chapter 13 of title 31, United States Code, is amended by adding at the end the following:


“1356. Disclosure requirements for recipients of Federal funds.”.