What this bill does
AI plain-language summaryThis bill would require federal agencies to publicly report spending on a type of contract called "other transaction agreements" (OTAs) on the USAspending.gov website, which is where the government tracks how it spends money. Right now, OTAs are not included in the spending data that agencies have to post on that website. The bill also requires the Department of the Treasury to make sure OTA spending data is automatically sent to the website and to publish a yearly report explaining any federal spending that was not posted and why. For 10 years after the bill becomes law, inspectors general at certain agencies would have to send Congress reports checking how well their agencies are reporting spending data.
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