Section 1 Short title
This Act may be cited as the “Taking Responsibility by Accounting for Corruption and Excess Act” or the “TRACE Act”.
Taking Responsibility by Accounting for Corruption and Excess Act
A BILL
To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to prohibit certain reimbursements relating to disaster assistance, and for other purposes.
Sec. 2 Certain reimbursements prohibited
Title VII of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5201 et seq.) is amended by adding at the end the following:
“707. Certain reimbursements prohibited
“Notwithstanding any other provision of law, the Federal Government may not reimburse an entity for an activity carried out pursuant to a contract that—
“(1) involves assistance under this Act; and
“(2) prohibits the Administrator of the Federal Emergency Management Agency or the Comptroller General of the United States from auditing or otherwise reviewing any aspect of the contract.”