H.R. 3928 would require certain large government contractors that receive more than 80 percent of their annual gross revenue from Federal contracts to disclose the names and salaries of their most highly compensated officers.

== Detailed Summary ==

<summary>
(Log inGovernment Funding Transparency Act of 2008 - Amends the Federal Funding Accountability and Transparency Act to editrequire the wikiOffice of Management and beBudget (OMB) to ensure that the firstfederal awards website includes for each federal award of assistance or expenditures of $25,000 or more the names and total compensation of the five most highly compensated officers of the receiving entity if: (1) the entity in the preceding fiscal year received 80% or more of its annual gross revenues and $25 million or more in annual gross revenues from federal awards; and (2) the public does not have access to provideinformation about the compensation of the entity's senior executives through reports filed under the Securities Exchange Act of 1934 or the Internal Revenue Code.

Requires the Director of OMB to promulgate regulations to carry out this Act that include a detailed summarydefinition of &quot;total compensation&quot; that is consistent with regulations of the bill!)Securities and Exchange Commission (SEC) concerning executive compensation.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 10/23/2007:4/24/2008: Referred to HouseSenate committee. Status: ReferredReceived in the Senate and Read twice and referred to the House Committee on OversightHomeland Security and Government Reform.Governmental Affairs.
</status>

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== Points in Favor ==

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== Points Against ==

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