Section 1 Short title
This Act may be cited as the “National Emergency Expenditure Reporting Transparency Act”.
National Emergency Expenditure Reporting Transparency Act
A BILL
To require that information on spending associated with national emergencies be subject to the same reporting requirements as other Federal funds under the Federal Funding Accountability and Transparency Act of 2006, and for other purposes.
Sec. 2 Reporting on spending for national emergencies
Full disclosure of Federal funds— Section 3(b)(1) of the Federal Funding Accountability and Transparency Act of 2006 (31 U.S.C. 6101 note) is amended—
in section 3(b)(1)—
in subparagraph (C)(ii) by striking “and” at the end;
in subparagraph (D)(ii) by striking the period at the end and inserting “; and”; and
by adding at the end the following:
“(E) beginning not later than 6 months after the date of enactment of this subparagraph, for each national emergency declared by the President under section 201 of the National Emergencies Act (50 U.S.C. 1621)—
“(i) the amount—
“(I) of budget authority appropriated;
“(II) that is obligated;
“(III) of unobligated balances; and
“(IV) of any other budgetary resources; and
“(ii) from which accounts and in what amount appropriations are obligated and outlays are made—
“(I) by object class; and
“(II) for each program activity.”
Data standards—
In general— Section 4(b) of the Federal Funding Accountability and Transparency Act of 2006 (31 U.S.C. 6101 note) is amended—
in paragraph (6) by striking “and” at the end;
in paragraph (7) by striking the period at the end and inserting “; and”; and
by adding at the end the following:
“(8) include unique identifiers for Federal funds made available or expended with respect to each national emergency declared by the President under section 201 of the National Emergencies Act (50 U.S.C. 1621).”
Updates— Not later than 6 months after the date of enactment of this Act, the Director of the Office of Management and Budget and the Secretary of the Treasury shall update the data standards established under section 4(a) of the Federal Funding Accountability and Transparency Act of 2006 (31 U.S.C. 6101 note(a)) to comply with the amendments made by this section.