S.Amdt. 2968

1. Adds SEC. __. FULL DISCLOSURE OF ENTITIES RECEIVING FEDERAL FUNDS wherever appropriate

   Adds a section

   Inserted: SEC. __. FULL DISCLOSURE OF ENTITIES RECEIVING FEDERAL FUNDS.

   Inserted: (a) Definitions.--In this section:

   Inserted: (1) Agency.--The term "agency" means an Executive agency as defined under section 105 of title 5, United States Code.

   Inserted: (2) Contractor entity.--The term "contractor entity" means any entity that receives Federal funds as a general contractor or subcontractor at any tier in connection with a Federal contract.

   Inserted: (3) Covered entity.--The term "covered entity" means any entity that receives Federal funds-- (A) through a grant or loan, except--

   Inserted: (i) a grant or loan under entitlement authority; or

   Inserted: (ii) a loan designated by the Office of Management and Budget under subsection (b)(3); or

   Inserted: (B) under a statutory provision that directly references the entity receiving Federal funds, including any appropriations Act (or related committee or conference report) that specifically identifies the entity.

   Inserted: (4) Entitlement authority.--The term "entitlement authority" has the meaning given under section 3 of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 622).

   Inserted: (5) Entity.--The term "entity"--

   Inserted: (A) includes any State or local government; and

   Inserted: (B) shall not include the Federal Government.

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   Inserted: (b) Office of Management and Budget.--The Office of Management and Budget--

   Inserted: (1) shall issue a Federal funds application number to each covered entity or contractor entity that applies for such number, except that if more than 1 covered entity or contractor entity share a single tax identification number, only 1 Federal funds application number shall be issued for those covered entities or contractor entities;

   Inserted: (2) shall develop and establish an updated searchable database website accessible to the public of the information on--

   Inserted: (A) each covered entity required to be submitted under subsection (c)(3), including links to other websites described under subsection (c)(3); and

   Inserted: (B) each contractor entity required to be submitted under subsection (d)(3);

   Inserted: (3) may promulgate regulations to designate loan programs which are not covered by this section if--

   Inserted: (A) the Federal funds under that program are received only by individuals; and

   Inserted: (B) the agency administering the program exercises minimal discretion in determining recipients other than the application of specific criteria of eligibility; and

   Inserted: (4) after consultation with agencies, promulgate regulations to provide exemptions for disclosures of information, covered entities, and contractor entities in the interest of national defense or national security.

   Inserted: (c) Requirements for Covered Entities.--Each covered entity shall--

   Inserted: (1) apply to the Office of Management and Budget for a Federal funds application number;

   Inserted: (2) use the Federal funds application number in any application or other document relating to the receipt of Federal funds; and

   Inserted: (3) not later than 45 days before the end of each fiscal year, file a report with the Office of Management and Budget that includes--

   Inserted: (A) the dollar amount, of any Federal funds received by the entity in the previous 5 years and the identification of such amounts in each year, including an identification of the source of funds from programs based on the Catalogue of Federal Assistance, if applicable;

   Inserted: (B) the entity's--

   Inserted: (i) primary office and any additional offices;

   Inserted: (ii) the tax status; and

   Inserted: (iii) tax identification number;

   Inserted: (C) the full name, address, and social security numbers of each officer and director of the entity;

   Inserted: (D) an overall annual financial disclosure statement for the previous year (with specific amounts for total lobbying expenses, travel expenses, rent, salaries, and decorating expenses);

   Inserted: (E) the full name, address, and social security number of each employee making more than $50,000 each year in gross income;

   Inserted: (F) any links to the website of the covered entity providing additional information on that covered entity; and

   Inserted: (G) any other relevant information the Office of Management and Budget may require.

   Inserted: (d) Requirements for Contractor Entities.--Each contractor entity shall--

   Inserted: (1) apply to the Office of Management and Budget for a Federal funds application number;

   Inserted: (2) use the Federal funds application number in any application or other document relating to the receipt of Federal funds; and

   Inserted: (3) not later than 45 days before the end of each fiscal year, file a report with the Office of Management and Budget that includes--

   Inserted: (A) the dollar amount, of any Federal funds received by the entity in the previous 5 years and the identification of such amounts in each year, including an identification of the source of funds from programs based on the Catalogue of Federal Assistance, if applicable; and

   Inserted: (B) the entity's--

   Inserted: (i) primary office and any additional offices;

   Inserted: (ii) the tax status; and

   Inserted: (iii) tax identification number.

   Inserted: (e) Federal Agencies.--Each agency shall--

   Inserted: (1) use the Federal funds application number with respect to any document relating to a covered entity or contractor entity receiving Federal funds, including applications, correspondence, contracts, memoranda, proposals, agreements, and receipts; and

   Inserted: (2) make such information relating to covered entities or contractor entities and such documents available to the Office of Management and Budget as the Office may require.

   Inserted: (f) Application of Certain Federal Laws to Covered Entities and Contractor Entities.--

   Inserted: (1) In general.--Notwithstanding any other provision of law, the provisions of law described under paragraph (2) shall apply to a covered entity or contractor entity to the greatest extent practicable as though that covered entity or contractor entity is a Federal agency, if the covered entity or contractor entity has business expenditures or a business budget in any year equal to or greater than 10 percent of the amount of Federal funds received by that covered entity or contractor entity in that year.

   Inserted: (2) Applicable laws.--The provisions of law referred to under paragraph (1) are--

   Inserted: (A) section 552 of title 5, United States Code (commonly referred to as the Freedom of Information Act); and

   Inserted: (B) subchapter I of chapter 57 of title 5, United States Code (relating to travel and subsistence expenses and mileage allowances).

   Inserted: (g) Regulations.--The Office of Management and Budget shall promulgate regulations to carry out this section.

   Inserted: (h) Effective Dates.--

   Inserted: (1) In general.--This section shall take effect on January 2, 2007.

   Inserted: (2) Regulations.--Subsection (g) shall take effect on the date of enactment of this Act.

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   Original wording

   At the appropriate place, insert the following:

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As printed