COST Act

Bill 119 HR 1387, also known as the "Cost Information Disclosure Act," aims to increase transparency and accountability in the use of Federal funds by requiring the disclosure of information related to the cost of programs, projects, or activities. The bill applies to any entity that receives Federal funds, including government agencies, contractors, and grantees.

Under this legislation, recipients of Federal funds must provide detailed information on the costs associated with the programs, projects, or activities they are carrying out. This includes information on the total cost of the program, project, or activity, as well as a breakdown of how the funds are being used. Additionally, recipients must disclose any cost overruns or changes in the budget that may impact the overall cost of the project.

The goal of this bill is to ensure that taxpayers have access to accurate and up-to-date information on how their money is being spent. By requiring recipients of Federal funds to disclose cost information, the government can better track and monitor the use of taxpayer dollars and identify any potential waste or inefficiencies. Overall, the Cost Information Disclosure Act seeks to promote transparency, accountability, and fiscal responsibility in the use of Federal funds. It is designed to provide the public with the information they need to hold government agencies and recipients of Federal funds accountable for how they are using taxpayer dollars.