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The Stop Secret Spending Act of 2024 amends the Federal Funding Accountability and Transparency Act to require that 'other transaction agreements' (a type of federal contract mechanism) be reported on USAspending.gov, the public database of federal spending. The bill requires the creation of unique identifiers for these agreements, mandates annual reports on unreported federal spending with explanations for gaps, and strengthens Inspector General oversight and agency reporting requirements to improve transparency and accuracy of federal spending data.
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