TRACKS Act

The TRACKS Act requires federal contractors and recipients to disclose details about certain subawards (subgrants or contracts) paid to entities in designated "foreign countries of concern" or "foreign entities of concern" as defined by the 2021 National Defense Authorization Act. It directly affects organizations receiving federal funds who pass money to foreign entities in these designated countries, including universities, nonprofits, or businesses. The bill mandates that these "covered subawards" be reported using the same transparency process already required for domestic subawards, with federal agencies to issue implementation guidance within 90 days of the law's enactment. This policy change aims to increase public visibility into how federal funds flow to specific foreign entities.