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Federal Funding Accountability and Transparency Act

Free Congress Foundation: “Senator Barack H. Obama (D-IL)…teamed with Coburn, Senator Thomas Carper (D-DE), Ranking Member on the FFM Subcommittee, and Senator John S. McCain, III (R-AZ) to introduce S. 2590, the Federal Funding Accountability and Transparency Act, the purpose of which is to provide citizens with a website, managed by the Office of Management and Budget, which would list all organizations receiving Federal funds from 2007 onward, providing breakdowns based on the agency allocating the funds, the dollar amount given and the purpose of the grant or contract. The website would need to be updated “not later than 30 days after the award of any assistance requiring a posting.”

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