TRACKS Act

HR 3766, the TRACKS Act, requires federal agencies to track and disclose subawards (funds passed to subrecipients) made to entities in foreign countries designated as "countries of concern" under the 2021 National Defense Authorization Act. It directly affects prime federal award recipients and subrecipients who distribute funds to foreign entities in these designated countries. The bill mandates that covered subawards be disclosed in the same manner as standard subawards, with the Director of the Office of Management and Budget issuing implementation guidance within 90 days of enactment. This creates a new transparency requirement for federal funds flowing to foreign entities deemed high-risk by U.S. security standards.