Tracking Receipts to Adversarial Countries for Knowledge of Spending Act

Tracking Receipts to Adversarial Countries for Knowledge of Spending Act or the TRACKS Act

This bill requires recipients of federal awards to collect and report data relating to subawards granted to entities located in a foreign country of concern.

The Office of Management and Budget must issue guidance that establishes consistency for complying with this bill's requirements for agencies, prime award recipients, and covered subaward recipients, including establishing standards for disclosed data.