[Congressional Record Volume 168, Number 43 (Thursday, March 10, 2022)]
[Senate]
[Page S1129]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4998. Ms. ERNST submitted an amendment intended to be proposed by 
her to the bill H.R. 2471, to measure the progress of post-disaster 
recovery and efforts to address corruption, governance, rule of law, 
and media freedoms in Haiti; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

                         DIVISION __--COST ACT

     SEC. 1. SHORT TITLE.

       This Act may be cited as the ``Cost Openness and Spending 
     Transparency Act of 2021'' or the ``COST Act''.

     SEC. 2. DISCLOSURE REQUIREMENTS FOR RECIPIENTS OF FEDERAL 
                   FUNDS.

       (a) In General.--Subchapter III of chapter 13 of title 31, 
     United States Code, is amended by adding at the end the 
     following:

     ``Sec. 1356. Disclosure requirements for recipients of 
       Federal funds

       ``(a) In General.--An individual or entity (including a 
     State or local government and a recipient of a Federal 
     research grant) carrying out a program, project, or activity 
     that is, in whole or in part, carried out using Federal funds 
     shall clearly state in any statement, press release, request 
     for proposals, bid solicitation, or other document describing 
     the program, project, or activity, other than a communication 
     containing not more than 280 characters--
       ``(1) the percentage of the total costs of the program, 
     project, or activity which will be financed with Federal 
     funds;
       ``(2) the dollar amount of the Federal funds made available 
     for the program, project, or activity; and
       ``(3) the percentage of the total costs of, and dollar 
     amount for, the program, project, or activity that will be 
     financed by nongovernmental sources.
       ``(b) Noncompliance.--If the Director of the Office of 
     Management and Budget determines that an individual or entity 
     is failing to comply with subsection (a), the Director may 
     direct the head of each agency providing Federal funds to the 
     individual or entity to withhold not more than 25 percent of 
     the amount of Federal funds that would otherwise be provided 
     to the individual or entity, until the date on which the 
     individual or entity complies with subsection (a).''.
       (b) Technical and Conforming Amendment.--The table of 
     sections for subchapter III of chapter 13 of title 31, United 
     States Code, is amended by adding at the end the following:

``1356. Disclosure requirements for recipients of Federal funds.''.
                                 ______