S 2718 · 109th Congress · Economics and Public Finance
WATCHDOGS Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Homeland Security and Governmental Affairs referred to Subcommittee on Federal Financial Management, Government Information, and International Security.(2006-05-26)
Plain Language Summary
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Website for American Taxpayers to Check and Help Deter Out-of-control Government Spending Act or WATCHDOGS Act - Defines: (1) a "contractor entity" as any entity that receives federal funds as a general contractor or subcontractor at any tier in connection with a federal contract; and (2) "covered entity" as any entity that receives federal funds through a grant or loan, with exceptions. Requires each contractor entity and covered entity to: (1) apply to the Office of Management and Budget (OMB) for a federal funds application number; and (2) annually provide OMB with specified information. Directs OMB to: (1) issue a federal funds application number to each covered entity or contractor entity that applies for such number; (2) develop and establish a publicly accessible searchable database website of information on each covered entity and contractor entity; (3) promulgate regulations to designate, as specified, loan programs not covered by this Act; and (4) provide for information disclosure exemptions in the interest of national defense or national security. Requires each federal agency to: (1) use the federal funds application number with respect to any docume…
Summarized by Claude AI · Non-partisan · For informational purposes only