S. 5507 aims to enhance transparency by expanding the reporting requirements for subcontracts and subgrants made under Federal awards. The bill mandates the inclusion of demographic details of the top executives of entities receiving federal funds and the reporting of the...
Simple Explanation
The bill wants to make sure we know more about where money goes when the government gives it to people and businesses, even when they give it to other people and businesses. It also wants to show who is in charge of these companies, but this could make some people worried about their privacy.