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HR 7974

To amend the Federal Funding Accountability and Transparency Act of 2006 to ensure real-time public access to Federal award information

In Committeeeconomy

Progress

Timeline

  • Mar 18Referred to the House Committee on Oversight and Government Reform.

Summary

**What it does:** This bill would update a 2006 law to require the government to make information about federal awards (grants, contracts, and other funding) available to the public in real-time, rather than with delays. **Who it affects:** - The general public, who would get faster access to information about how tax dollars are spent - Government agencies, which would need to report award information immediately - Recipients of federal funding (businesses, nonprofits, researchers), whose awards would be publicly visible sooner **What would change:** Currently, there can be significant delays between when the government awards funding and when that information becomes publicly available. This bill would eliminate those delays, allowing citizens, journalists, and watchdog groups to see federal spending decisions as they happen rather than weeks or months later. **Current status:** The bill is in committee, meaning it's under review but hasn't been voted on by the full House yet.

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