# TRACKS Act Summary

## What This Bill Does

The TRACKS Act (Tracking Receipts to Adversarial Countries for Knowledge of Spending Act) requires the federal government to publicly track and report when taxpayer money is given to companies or organizations in countries considered adversarial or of concern to the United States. Currently, the government tracks direct federal spending, but this bill extends that requirement to "subawards"—money that gets passed down through multiple layers of contractors and subcontractors. The bill essentially closes a transparency gap by requiring disclosure of federal funds that flow to foreign entities of concern, even when those funds are distributed indirectly.

## Who Is Affected

**Primary impacts:**
- **Federal agencies** must implement new reporting requirements and guidance
- **Prime contractors and subcontractors** receiving federal funds must disclose if they pass money to entities in adversarial countries
- **The public** gains visibility into how taxpayer dollars are being spent internationally
- **Companies doing business with the U.S. government** in countries of concern must report their subawards

## Key Provisions

- **Expanded transparency**: Requires reporting of all subawards (grants, contracts, cooperative agreements) going to foreign countries or entities of concern, regardless of the dollar amount
- **Tracking through layers**: Includes subawards that are passed from one subcontractor to another, ensuring the full chain of funding is visible
- **Implementation timeline**: Agencies have 90 days to issue guidance establishing consistent reporting standards across the federal government
- **Uses existing definitions**: References established definitions of "countries of concern" and "foreign entities of concern" from existing defense legislation