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>
Government Contractor AccountabilityFunding Transparency Act of 20072008 - Directs federal government contracting officersAmends the Federal Funding Accountability and Transparency Act to require covered contractorsthe Office of Management and Budget (OMB) to submit for each contract entered: (1) a certificationensure that the contractor received 80%federal awards website includes for each federal award of assistance or lessexpenditures of its annual gross revenues from other federal contracts;$25,000 or (2) a statement disclosingmore the names and salariestotal compensation of the contractor's principal executive officer, principal financial officer, threefive most highly compensated other executive officers of the receiving entity if: (1) the entity in the preceding fiscal year received 80% or individuals,more of its annual gross revenues and directors. Directs contracting officers to require contractors to update such statements annually. Requires such certifications$25 million or more in annual gross revenues from federal awards; and statements(2) the public does not have access to be made publicly available in searchable forminformation about the compensation of the entity's senior executives through reports filed under the Federal Procurement Data System.Securities Exchange Act of 1934 or the Internal Revenue Code.

Defines a &quot;covered contractor&quot; to mean an individual or entity that: (1) received more than $5,000,000 in annual gross revenues from federal contracts for the preceding fiscal year; and (2) is not a publicly traded company required to file periodic reports under the Securities Exchange Act of 1934.

RequiresRequires the AdministratorDirector of General ServicesOMB to promulgate regulations to carry out this Act.Act that include a definition of &quot;total compensation&quot; that is consistent with regulations of the Securities and Exchange Commission (SEC) concerning executive compensation.
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== Status of the Legislation ==

<status>
Latest Major Action: 4/24/2008: Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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== Points in Favor ==

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== Points Against ==

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