Posted by: Ian Bruk | August 25, 2006

US Bill To Increase Transparency And Accountability

Caught the tail end of Representative Jim Cooper on PBS’ Now. An excerpt from the show notes:

In line with Cooper’s efforts, a bill aimed at improving transparency and accountability of federal funds is currently working its way through the Senate. The bill, introduced by Senators Tom Coburn and Barack Obama, aims to create an Internet site to detail which companies and groups receive the hundreds of billions of taxpayer dollars federal agencies award annually.

The Federal Funding Accountability and Transparency Act would establish a single public Web site that chronicles all organizations receiving federal funds and the amount they have received annually over the last decade.

During a subcommittee hearing on the bill in July, Sen. John McCain, a co-sponsor of the bill, said the site would justify “whatever expense is associated with it in the first five minutes” because lawmakers would be more careful before giving money if the public was watching.

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