The bill S. 3582, titled the “Our Money in China Transparency Act,” requires annual reports to be prepared on how federal funds are used in relation to China. It mandates the Office of Management and Budget, along with each federal department or agency, to detail funds given...
Simple Explanation
The bill is like asking for a yearly check-up on how America is spending money when it does things with China, making sure nothing sneaky is going on and everyone knows where the money goes.