Federal Subaward Reporting System Modernization and Expansion Act

# Federal Subaward Reporting System Modernization and Expansion Act Summary **What the Bill Would Do:** This bill would modernize and expand the federal system used to track money that flows from federal agencies to contractors and then down to subcontractors. Currently, federal agencies award contracts to companies, which then often hire smaller companies (subcontractors) to do portions of the work. This bill would improve the technology and expand the reporting requirements so there's better visibility into where federal dollars ultimately go and who is actually performing the work. **Who It Affects:** The bill primarily affects federal agencies that award contracts, large contractors who subcontract work to smaller companies, and subcontractors themselves.

It would also benefit Congress and the public by providing better oversight and transparency of federal spending. Anyone interested in tracking how federal funds are used—including oversight advocates, auditors, and the general public—would be affected by improved access to this information. **Current Status:** As of now, the bill is in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. It requires further review and approval by the relevant congressional committees before it can advance for a full vote.