Reporting of Executive Compensation and First-Tier Subcontract Awards under the Federal Funding Accountability and Transparency Act of 2006 as amended

The Federal Funding Accountability and Transparency Act of 2006 (the Act) required the establishment of a free, public, searchable website disclosing information on all Federal awards. Federal awards included both contracts and financial assistance agreements and subcontracts and subawards. The Act was amended in 2008 to require executive compensation information to be included in the disclosure. Information on contracts and financial assistance agreements has been reported into the website, www.usaspending.gov/ since December 2007. Information on executive compensation has been reported only for those contracts and agreements funded by the American Recovery and Reinvestment Act of 2009. On July 8,2008, the Federal Acquisition Regulation (FAR) was changed by an interim final rule to now include reporting on first-tier subcontractors and to expand the executive compensation reporting requirement to all contracts. Contractors will submit reports on the web at www.fsrs.gov.