Stop Secret Spending Act

Section 1–Title: This Act shall be known as the Stop Secret Spending Act.

Section 2–Disclosure of Other Transaction Agreements: Every executive branch agency with authority to enter into an Other Transaction Agreement shall report each such agreement on a publicly accessible website.

For purposes of this Act, an Other Transaction Agreement means an agreement entered into by a Federal agency under statutory authority to use a transaction other than a standard Federal procurement contract, grant, or cooperative agreement.

For each Other Transaction Agreement, the agency shall publicly disclose, to the extent permitted by law: the name of the recipient; the amount obligated by the Federal Government; the Federal agency providing the funding; the purpose of the agreement; the date the agreement was entered into; the period during which the agreement is in effect; and the primary place where work under the agreement will be performed.

The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, shall establish a system under which information concerning Other Transaction Agreements is automatically transmitted to a publicly accessible website and displayed in a centralized, searchable, and publicly accessible format.

All Federal agencies authorized to enter into Other Transaction Agreements shall fully comply with this section not later than one year after enactment.

Section 3–Disclosure of Unreported Federal Spending: Not later than one year after enactment, and annually thereafter, the Secretary of the Treasury, in consultation with the Director of the Office of Management and Budget, shall publish on a publicly accessible website the total amount of Federal spending required by law to be reported for which complete information has not been publicly reported; and the reason such spending has not been reported, including whether disclosure is restricted because of classified or national security information, an applicable statutory reporting exemption, or another Federal law prohibiting disclosure.

The report shall separately identify spending that should have been publicly reported but was not because of agency error, incomplete reporting, or failure to comply with Federal reporting requirements.

Nothing in this section shall require disclosure of classified information or information otherwise prohibited from public disclosure by Federal law.

Section 4–Accuracy and Accountability of Federal Spending Data: Each Federal agency required to submit information to the publicly accessible website shall ensure that such information is complete, accurate, timely, and consistent with Federal reporting requirements.

The head of each agency shall establish procedures to verify the accuracy and completeness of submissions.

The Secretary of the Treasury and the Director of the Office of Management and Budget shall establish uniform standards for information reported under this Act and may review agency submissions for completeness and accuracy.

If materially incomplete or inaccurate information is identified, the responsible agency shall correct such information within 90 days after receiving notice.

Section 5–Inspector General Review: The inspector general of each applicable executive branch agency shall periodically review the agency's compliance with Federal spending transparency requirements.

Each review shall determine whether required spending information was submitted, whether such information was complete and materially accurate, whether applicable deadlines were met, and whether previously identified deficiencies were corrected.

The first review shall be completed not later than one year after enactment. Additional reviews shall be completed at least once every two years for ten years following enactment.

Each inspector general shall make the results publicly available, except for information prohibited from public disclosure by Federal law.