The Tracking Receipts to Adversarial Countries for Knowledge of Spending Act, or TRACKS Act, aims to increase transparency regarding the flow of federal funds by amending the Federal Funding Accountability and Transparency Act of 2006 (FFATA). The bill introduces a new definition for "subaward" and mandates reporting for "covered subawards," which are those made to entities located in a foreign country of concern or to a foreign entity of concern , as defined by existing law. This reporting requirement applies regardless of the subaward amount, ensuring that federal funds reaching these entities are tracked. To facilitate consistent implementation, the Director is required to issue guidance within 90 days, establishing standards for agencies, prime award recipients, and covered subaward recipients to ensure proper disclosure of data.