S. 1048 · 117th Congress
FACT Act
- Stage
- In committee
- Sponsor
- Marco Rubio
- Introduced
- 2021-03-25
- Latest action
- 2021-03-25 · Introduced in Senate
Summary
Federal Acquisition and Contracting Transparency Act of 2021 or FACT Act
This bill requires the Federal Acquisition Regulatory Council to amend the Federal Acquisition Regulation to require that a contractor, as a condition for being awarded a contract for the procurement of goods or services, disclose recent or current contracts or commercial ties with certain Chinese entities.
The General Services Administration must establish and maintain a public database containing information about disclosed contracts.