To amend the Federal Funding Accountability and Transparency Act of 2006 to ensure real-time public access to Federal award information.
- Bill Number
- H.R. 7974
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Government Operations and Politics
- Status
- Introduced
- Latest Action
- 2026-03-18: Referred to the House Committee on Oversight and Government Reform.
- Last Updated
- 2026-05-14T08:07:29Z
AI-Generated Summary
Summary of H.R. 7974
Purpose
The legislation aims to improve public access to information about federal spending by shortening the time required for posting details of federal awards.
Key Provisions
- Amends Section 2(c)(4) of the Federal Funding Accountability and Transparency Act of 2006.
- Changes the deadline for posting federal award information from no later than 30 days after the award to within 3 days after the award.
- The goal is to provide real-time access to this information for the public.
Significant Changes to Existing Law
- Reduces the posting timeframe from 30 days to 3 days for any federal award that requires public disclosure.
- This modification applies to the existing requirement under the 2006 Act for timely release of award data.
Potential Impacts
- Government agencies may need to update their processes to meet the shorter deadline for data entry and verification.
- Citizens could gain faster awareness of how federal funds are allocated and used.
- No direct effects on international relations are specified in the bill.
Main Stakeholders Affected
- Federal agencies responsible for awarding and reporting on grants, contracts, and other funding.
- Recipients of federal awards, such as contractors, grantees, and organizations.
- The general public and taxpayers seeking information on government spending.
- Congressional committees, particularly the Committee on Oversight and Government Reform, which received the bill for review.
Notable Legal, Constitutional, or Political Implications
- The bill focuses on enhancing transparency in federal spending without altering core constitutional authorities.
- It may support broader goals of accountability in government operations but introduces no new legal mandates beyond the timeline change.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (17)
Rep. Panetta, Jimmy [D-CA-19], Rep. Roy, Chip [R-TX-21], Rep. Begich, Nicholas J. [R-AK-At Large], Rep. Higgins, Clay [R-LA-3], Rep. Cloud, Michael [R-TX-27], Rep. Donalds, Byron [R-FL-19], Rep. Harshbarger, Diana [R-TN-1], Rep. Self, Keith [R-TX-3], Rep. Fine, Randy [R-FL-6], Rep. Case, Ed [D-HI-1], Rep. Biggs, Sheri [R-SC-3], Rep. Davis, Donald G. [D-NC-1], Rep. Perry, Scott [R-PA-10], Rep. Harris, Mark [R-NC-8], Rep. Palmer, Gary J. [R-AL-6], Rep. Cline, Ben [R-VA-6], Rep. McDowell, Addison P. [R-NC-6]
Recent Actions
- 2026-03-18: Referred to the House Committee on Oversight and Government Reform.
- 2026-03-18: Introduced in House
- 2026-03-18: Introduced in House
Bill Versions
- To amend the Federal Funding Accountability and Transparency Act of 2006 to ensure real-time public access to Federal award information. — issued 2026-03-18 — PDF (2 pages)