1. Short title This Act may be cited as the National Emergency Expenditure Reporting Transparency Act . 2. Reporting on spending for national emergencies (a) Full disclosure of Federal funds Section 3(b)(1) of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note) is amended— (1) in section 3(b)(1)— (2) in subparagraph (C)(ii) by striking and at the end; (3) in subparagraph (D)(ii) by striking the period at the end and inserting ; and ; and (4) by adding at the end the following: (E) beginning not later than 6 months after the date of enactment of this subparagraph, for each national emergency declared by the President under section 201 of the National Emergencies Act ( 50 U.S.C. 1621 )— (i) the amount— (I) of budget authority appropriated; (II) that is obligated; (III) of unobligated balances; and (IV) of any other budgetary resources; and (ii) from which accounts and in what amount appropriations are obligated and outlays are made— (I) by object class; and (II) for each program activity. . (b) Data standards (1) In general Section 4(b) of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note) is amended— (A) in paragraph (6) by striking and at the end; (B) in paragraph (7) by striking the period at the end and inserting ; and ; and (C) by adding at the end the following: (8) include unique identifiers for Federal funds made available or expended with respect to each national emergency declared by the President under section 201 of the National Emergencies Act ( 50 U.S.C. 1621 ). . (2) Updates Not later than 6 months after the date of enactment of this Act, the Director of the Office of Management and Budget and the Secretary of the Treasury shall update the data standards established under section 4(a) of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note(a)) to comply with the amendments made by this section.