"A Senate hearing has been scheduled for July 18 to discuss the need for publicly available information surrounding federal spending and how the Federal Funding Accountability and Transparency Act (S. 2590) will create this transparency.
Sen. Tom Coburn (R-OK), the chairman of the Subcommittee on Federal Financial Management, Government Information, and International Security, announced the hearing to focus on legislation he introduced with Sens. Barack Obama (D-IL), Tom Carper (D-DE), and John McCain (R-AZ). The bill would require the Office of Management and Budget (OMB) to ensure that a single searchable website provide free public access to information about contracts, grants, loans, and other forms of federal assistance. "
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