GRANT Reform Act of 2026

The GRANT Reform Act of 2026 requires the Government Accountability Office to publish an annual public report detailing the names, purposes, and amounts of all federal grants issued in the previous fiscal year. It also mandates that grant recipients submit detailed reports within three months of completing their projects, disclosing specific financial data such as salary expenditures, subcontractor payments, administrative costs, and any unspent funds. The Office of Management and Budget is tasked with issuing guidance on these reporting requirements and notifying affected entities. Any recipient who fails to comply with the new reporting rules becomes ineligible for future federal grants until they meet the obligations.