S. 2590 Federal Funding Accountability and Transparency Act of 2006

Let your Senators know that you want them to sign on as co-sponsors of this legislation. The following excerpt is from the Citizens Against Govenment Waste and gives some background:

Help shed light on the hundreds of billions of taxpayer dollars spent each year on federal grants and contracts. Tell your U.S. Senators today to support S. 2590, the Federal Funding Accountability and Transparency Act of 2006.

Introduced by Sens. Tom Coburn (R-Okla.) and Barack Obama (D-Ill.), S. 2590 would require the full disclosure of all companies and organizations that receive federal funds. This bipartisan legislation would direct the Office of Management and Budget to create a searchable database that would include information regarding each entity that receives federal funding, the amount received, how the money is being used, and where the entity is located.

Taxpayers have a right to know where their tax dollars are going. With the widespread use of personal computers and the growth of the Internet, creating such a database is an idea that’s time has come.

Letting the sunshine in on the $460 billion in federal grants and $340 billion worth of federal contracts each year will create a more accountable and less wasteful government.

Help make government spending more transparent. Tell your Senators today to sign on as co-sponsors of S. 2590!