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This bill expands federal spending transparency requirements by requiring the reporting of demographic information (race, ethnicity, veteran status, and sex) for the five most highly compensated officers of federal contractors and subcontractors, and mandates disclosure of the dollar amounts of all subcontracts and subgrants awarded under federal awards. The Office of Management and Budget must update the federal spending website to include this information within 180 days of enactment, and the Federal Acquisition Regulatory Council must issue implementing regulations.
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