Section 1. Short title
This Act may be cited as the Grant Responsibility and Accountability for Numerical Transparency Reform Act of 2026 or the GRANT Reform Act of 2026.
(a) Annual GAO report on Federal grants required
Not later than 6 months after the date of the enactment of this Act, and annually thereafter, the Comptroller General shall make available on a publicly available website and submit to the relevant committees of Congress a report on Federal grants, with respect to the previous fiscal year, that includes the following:
(1) The name of, purpose for, and amount of money dispensed for each grant.
(2) The name of the entity that received funding for the grant.
(3) The name and a description of the project the grant is funding.
(1) In general
Not later than 3 months after the date on which a project is completed, a recipient of a Federal grant for that project shall submit to the Comptroller General a report on the following:
(A) The aggregate amount of Federal funds used for salaries under the grant.
(B) The names of and amount of payments to subcontractors.
(C) The amount of administrative costs, materials, and any unspent funds.
(D) Any other information determined by the Director of the Office of Management and Budget.
(2) Penalty for noncompliance
Any grant recipient that does not comply with paragraph (1) shall not be eligible for a Federal grant until the requirement is met.
(3) Applicability
This subsection applies with respect to any grant distributed on and after the date of the enactment of this section.
(c) GAO annual report
Not later than 9 months after the date of the enactment of this section, and annually thereafter, the Comptroller General shall submit to the relevant committees of Congress a report that compiles the information submitted pursuant to subsection (b)(1).
(d) OMB guidance
Not later than 3 months after the date of the enactment of this section, the Director—
(1) shall issue guidance on the reports required pursuant to subsections (a), (b), and (c); and
(2) shall notify grant recipients of the report requirement described in subsection (b).
(e) Definitions
In this section:
(1) Director
The term Director means the Director of the Office of Management and Budget.
(2) Relevant committees of Congress
The term relevant committees of Congress means the following:
(A) Each authorizing committee of the House of Representative and the Senate.
(B) The Appropriations Committee of the House of Representative and the Senate.
(C) The Committee on the Budget of the House of Representative and the Senate.