S. 1434

109 S1434 IS: Tracking Receipts to Adversarial Countries for Knowledge of Spending Act
 U.S. Senate
 2025-04-10
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 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1434  IN THE SENATE OF THE UNITED STATES   April 10, 2025   Ms. Ernst  introduced the following bill; which was read twice and referred to the  Committee on Homeland Security and Governmental Affairs    A BILL
To track taxpayer dollars sent to adversarial countries and foreign entities of concern, and for other purposes.
1.
Short title
This Act may be cited as the   Tracking Receipts to Adversarial Countries for Knowledge of Spending Act   or the   TRACKS Act  .
2.
Foreign subawards
Section 2 of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101  note;  Public Law 109–282 ) is amended—
(1)
in subsection (a), by adding at the end the following:
(9)
Subaward
The term  subaward —
(A)
means an award, including a grant, contract, cooperative agreement, other transaction agreement, or other financial transaction, provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of a Federal award received by the pass-through entity;
(B)
includes an award described in subparagraph (A) that is passed from a subrecipient to another subrecipient; and
(C)
does not include payments to a beneficiary of a Federal program.
 ; and
(2)
in subsection (d), by adding at the end the following:
(3)
Reporting of foreign subawards
(A)
Definitions
In this paragraph:
(i)
Covered subaward
The term  covered subaward —
(I)
means a subaward awarded to—
(aa)
an entity located in a foreign country of concern (as defined in section 9901 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( 15 U.S.C. 4651 )); or
(bb)
a foreign entity of concern (as defined in section 9901 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( 15 U.S.C. 4651 )); and
(II)
includes a subaward described in subclause (I) of any amount.
(ii)
Prime award recipient
The term  prime award recipient , with respect to a covered subaward, means the entity that directly receives the Federal award from which the covered subaward originates.
(B)
Reporting
The recipient of a covered subaward shall disclose data with respect to the covered subaward in the same manner as subawards are disclosed in accordance with paragraph (2).
(C)
Guidance
Not later than 90 days after the date of enactment of the  Tracking Receipts to Adversarial Countries for Knowledge of Spending Act , the Director shall issue guidance that establishes consistency for complying with this paragraph for agencies, prime award recipients, and covered subaward recipients, including establishing standards for disclosed data.
 .