To amend the Federal Funding Accountability and Transparency...
To amend the Federal Funding Accountability and Transparency Act of 2006 to ensure real-time public access to Federal award information.
This bill, HB7974, seeks to update the Federal Funding Accountability and Transparency Act of 2006 by making federal award information available to the public in real-time. This means that details about how federal funds are spent would be accessible to everyone immediately after the transactions are made.
The bill would affect the general public, taxpayers, and anyone interested in how federal money is allocated and spent. By providing real-time access to federal award information, it aims to increase transparency and accountability in government spending.
HB7974 was introduced on March 18, 2026, and referred to the House Committee on Oversight and Government Reform the same day. This is the first step in its legislative journey, and it will need to pass through several stages before it could become law. Key actions so far include its introduction and referral to a relevant committee for further review and potential amendments.
