Congresswoman Robin Kelly (IL-02) introduced the Increasing Transparency and Accountability in Federal Spending Act (H.R. 10394) to include holistic demographic data of federal loans and grants recipients. Currently, data tracking of federal awards such as grants, loans, and contracts does not include the recipients’ ethnicity, race, or sex. U.S. Senator Cory Booker (D-NJ) also introduced his companion bill. The bill amends the Federal Funding Accountability and Transparency Act to include race, ethnicity, veteran status, and sex of the highest-paid executive officers and private business owners in the data collected and reported by the Office of Management and Budget. This reporting applies to any entity that receives a federal award, contract, subcontract, grant, subgrant, loan, and other forms of federal financial assistance exceeding $30,000. The Increasing Transparency and Accountability in Federal Spending Act has been endorsed by the Project on Government Oversight (POGO), Ariel Investments, and the National Association of Securities Professionals.