COST Act of 2023

HR 2968, the COST Act of 2023, requires federal agencies and recipients of federal funds (including states, local governments, and research grantees) to publicly disclose specific funding details in program descriptions. It mandates stating the percentage and dollar amount of federal funding, plus the percentage and dollar amount from non-government sources in press releases, requests for proposals, and similar documents (excluding short social media posts). Agencies must also certify compliance in progress reports, and the Office of Management and Budget will annually review compliance and publish findings. The bill establishes a public reporting mechanism for non-compliant communications.