• Requires the Comptroller General (GAO) to annually report to Congress on federal grants, including each grant's name, purpose, amount, recipient, and project description, with the first report due within 6 months of enactment
• Requires federal grant recipients to submit post-project reports to the Comptroller General detailing salary expenditures, subcontractor payments, administrative costs, materials, and unspent funds within 3 months of project completion
• Grant recipients who fail to submit required reports become ineligible for future federal grants until they comply

---