TRACKS Act

This bill amends federal transparency laws to require disclosure of Federal subawards (payments passed through to subrecipients) made to entities located in "foreign countries of concern" as defined in the 2021 National Defense Authorization Act. It directly affects Federal agencies, prime award recipients, and subrecipients that pass funds to foreign entities in designated countries. The key provision mandates that covered subawards be reported using the same disclosure systems already required for domestic subawards, with the Director issuing compliance guidance within 90 days of enactment. This creates a new transparency requirement for specific international spending without altering funding levels or creating new programs.