Us Congress 2023-2024 Regular Session

Us Congress House Bill HB6847

Introduced

12/19/23

Refer

12/19/23

Caption

Federal Grant Accountability Act

Impact

The introduction of this legislation is expected to significantly alter funding dynamics in federal research by mandating that institutions adhere to stricter constraints regarding indirect cost claims. By aligning indirect cost limits with those typically applied to private grants, the bill aims to enhance transparency and responsible use of taxpayers' money. This alignment could lead to reduced federal expenditures on overhead, impacting the overall budget allocated for research initiatives in the higher education sector.

Summary

House Bill 6847, titled the Federal Grant Accountability Act, seeks to impose limitations on the amount of indirect costs allowable under federal research awards granted to institutions of higher education. The bill is designed to ensure that the financial overhead claimed by these institutions does not exceed the average indirect costs associated with private research awards. This measure aims to promote cost accountability and equitable access to federal funding across various educational institutions.

Contention

Notably, the bill may face opposition from educational institutions that rely heavily on federal research funding, as it places additional restrictions on the financial resources they can claim to support administrative functions and other operational costs. Critics are likely to argue that such limitations could strain university budgets, hinder research capacity, and potentially disadvantage institutions serving diverse and underserved populations. The implications of these changes highlight the broader debate about funding structures and the appropriate allocation of resources within higher education.

Latest HB6847 Activity

Companion Bills

No companion bills found.

Similar Bills

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