Recovery Act Contracts: Report It or Lose It Contractors face termination and possible suspension and debarment if they don’t report their spending of Recovery Act funds. In a memorandum, President Obama told agencies to “intensify their efforts to improve reporting compliance.” He said agencies must submit the names of offenders to the Office of Management and Budget and explain what, if any disciplinary action they have taken. He ordered OMB to review reporting guidance and make any necessary changes within 30 days. “Any prime recipient that has failed to report is not living up to the standards set by my administration and must be held accountable by all agencies to the fullest extent permitted by law,” the president wrote. “Our efforts to ensure timely, comprehensive and accurate recipient reporting must succeed if we are to effectively meet the transparency and accountability objectives of the Recovery Act.” The law requires contractors and all other entities that receive $25,000 or more in Recovery Act funds to file quarterly reports at FederalReporting.gov, the website established by the Recovery Accountability and Transparency Board to track spending. Contractors must disclose how much money they have received and spent, the scope and timetable of each project, and the number of jobs created. The information is publicly available at Recovery.gov, the Recovery Board’s main website. In an April 6 meeting with Recovery Board officials, Vice President Biden said, “We are here to send an unambiguous message that not reporting is not acceptable. These are public funds; taxpayer funds.” Noncompliance does not appear to be a widespread problem. The White House said reports have been filed on about 64,000 out of 65,000 awards. However, many of the reports are incomplete. Recovery Board Chairman Earl Devaney said the goal is “100 percent compliance.” The current reporting period began April 1; Recovery Act contractors have until April 29 to amend or correct their reports.