1. Short title This Act may be cited as the International Spending Transparency Act . 2. Audit of United States contributions to multilateral and international organizations (a) In general Not later than 30 days after the date of the enactment of this section, the Secretary shall establish within the Office of Audits of the Office of the Inspector General of the Department of State a unit to be known as the Unit to Audit US Contributions to Multilateral and International Organizations . (b) Annual audit (1) In general Not later than December 31 of each year, the unit established pursuant to subsection (a) shall submit to the Secretary an audit of United States contributions to multilateral and international organizations during the immediately preceding fiscal year. (2) Elements Each audit under paragraph (1) shall include the following: (A) Information relating to— (i) the aggregate amount of United States contributions to recipient multilateral and international organizations; (ii) the amount of contributions spent on administrative costs in comparison to projects; and (iii) the purposes for each such contribution. (B) An analysis relating to— (i) whether each such organization achieved the purpose for the contributions; (ii) fraud, waste, or abuse of such contributions by each such organization; and (iii) whether the contributions received by each such organization were in turn provided directly or indirectly to— (I) the People’s Republic of China; (II) the Russian Federation; (III) the Islamic Republic of Iran; (IV) the Democratic People’s Republic of Korea; (V) the Bolivarian Republic of Venezuela; (VI) the Syrian Arab Republic