; and (4) to strengthen oversight and management of Federal grants and cooperative agreements by agencies through consolidated collection and display of and access to open data that has been standardized, and where appropriate, transparency to the public. 3. Data Standards for Grant Reporting (a) Amendment Subtitle V of title 31, United States Code, is amended by inserting after chapter 63 the following new chapter: 64 Data standards for grant reporting Sec. 6401. Definitions. 6402. Data standards for grant reporting. 6403. Guidance applying standard data elements for grant reporting. 6404. Agency requirements. 6401. Definitions In this chapter: (1) Agency The term agency has the meaning given that term in section 551 of title 5. (2) Core standard data elements The term core standard data elements means data elements that are not program-specific in nature and are required by all or the vast majority of Federal grant and cooperative assistance recipients for purposes of reporting. (3) Director The term Director means the Director of the Office of Management and Budget. (4) Federal award The term Federal award — (A) means the transfer of anything of value for a public purpose of support or stimulation authorized by a law of the United States, including financial assistance and Government facilities, services, and property; (B) includes grants, subgrants, awards, and cooperative agreements; and (C) does not include— (i) conventional public information services or procurement of property or services for the direct benefit or use of the Government; or (ii) an agreement that provides only— (I) direct Government cash assistance to an individual; (II) a subsidy; (III) a loan; (IV) a loan guarantee