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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 category of federal contracts used primarily by defense and research agencies) be reported on USAspending.gov, the federal spending transparency website. The bill requires the Treasury Secretary to establish data standards and automatic transmission of such agreement data within three years, and mandates annual reports on all federal spending not yet posted to the website, including explanations for any gaps (such as national security classifications). The bill also updates Inspector General reporting requirements and establishes procedures for determining which federal agencies must post spending information.
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