Summary

This regulation mandates that federal agencies and recipients of federal financial assistance report detailed information on subawards and the total compensation of their top five executives to enhance transparency, as required by the Federal Funding Accountability and Transparency Act (Transparency Act). Recipients must report subawards exceeding $30,000 and executive compensation if their organization receives significant federal funding and meets specific revenue thresholds, unless the information is already publicly accessible through other regulatory filings. Federal agencies are responsible for ensuring these requirements are included in funding notices and awards, and for publishing the data on a public website, USAspending.gov, to facilitate government-wide spending transparency.

Estimated Impact