This bill mandates the Election Assistance Commission (EAC) to establish and maintain a publicly accessible database of private vendors involved in federal election systems. This database aims to enhance transparency regarding the private entities that provide, support, or maintain any component of the election infrastructure for federal elections. States and local governments responsible for federal elections are required to submit specific vendor information to the EAC within 30 days after each federal election. This includes the vendor's identity , the terms of any contract or agreement (with security exceptions), and comprehensive ownership details , such as parent companies, beneficial owners, and any foreign interests. Non-compliant states will face a significant penalty: the withholding of federal funds for election administration. The bill broadly defines an "election system" to encompass various components, from voting systems to voter registration databases, and these new requirements will apply to federal elections held in 2026 and thereafter.