TRACKS Act

The TRACKS Act (S 1434) requires federal grant recipients to report subawards made to entities in "foreign countries of concern" or "foreign entities of concern" as defined in the 2021 National Defense Authorization Act. It directly affects organizations receiving federal funds that pass money to foreign entities in designated countries. The bill adds new definitions and mandates that recipients disclose data about these specific "covered subawards" using the same reporting methods as standard subawards. Agencies must issue compliance guidance within 90 days of the bill’s enactment.