S.Amdt. 4998
What it does: Adds DIVISION __--COST ACT wherever appropriate
Sen. Joni Ernst (R-IA)What it changes
1 change to H.R. 2471
Adds DIVISION __--COST ACT wherever appropriate
Adds a sectionInserted: DIVISION __--COST ACT
Inserted: SEC. 1. SHORT TITLE.
Inserted: This Act may be cited as the "Cost Openness and Spending Transparency Act of 2021" or the "COST Act".
Inserted: SEC. 2. DISCLOSURE REQUIREMENTS FOR RECIPIENTS OF FEDERAL FUNDS.
Inserted: (a) In General.--Subchapter III of chapter 13 of title 31, United States Code, is amended by adding at the end the following:
Inserted: "Sec. 1356. Disclosure requirements for recipients of Federal funds
Inserted: "(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--
Inserted: "(1) the percentage of the total costs of the program, project, or activity which will be financed with Federal funds;
Inserted: "(2) the dollar amount of the Federal funds made available for the program, project, or activity; and
Inserted: "(3) the percentage of the total costs of, and dollar amount for, the program, project, or activity that will be financed by nongovernmental sources.
Inserted: "(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).".
Inserted: (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:
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Inserted: "1356. Disclosure requirements for recipients of Federal funds.".
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 4998. Ms. ERNST submitted an amendment intended to be proposed by her to the bill H.R. 2471, to measure the progress of post-disaster recovery and efforts to address corruption, governance, rule of law, and media freedoms in Haiti; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
DIVISION __--COST ACT
SEC. 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:
“Sec. 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.”.
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Senate amendment submitted
March 10, 2022