This Act may be cited as the Federal Government Advertising Equity Accountability Act.

(a) In general Section 1105(a) of title 31, United States Code, is amended by adding at the end the following new paragraph: (40) the following information with respect to each executive agency: (A) Expenditures of the executive agency for the prior fiscal year for— (i) all contracts for advertising services; and (ii) contracts for the advertising services of— (I) socially and economically disadvantaged small business concerns (as defined in section 8(a)(4) of the Small Business Act (15 U.S.C. 637(a)(4)U.S. Code — Title 15, Section 637(a)(4)View official source on GovInfo)); and (II) women- and minority-owned businesses. (B) Estimated expenditures of the executive agency for the fiscal year for which the budget is submitted for— (i) all contracts for advertising services; and (ii) contracts for the advertising services of— (I) socially and economically disadvantaged small business concerns (as defined in section 8(a)(4) of the Small Business Act (15 U.S.C. 637(a)(4)U.S. Code — Title 15, Section 637(a)(4)View official source on GovInfo)); and (II) women- and minority-owned businesses.. (b) Application date The amendment made by this Act shall apply to the report submitted under section 1105(a) of title 31, United States Code, for fiscal year 2027, and each fiscal year thereafter.