Political Quotes

“today marks a victory for government transparency and a victory for democratic accountability. By passing the Federal Funding Accountability and Transparency Act of 2006, the House of Representatives and the Senate have brought a little much- needed sunlight to the world of government spending. This bill requires the Office of Management and Budget to ensure that a free, searchable Web site is available to Americans to access information about Federal grants, contracts, loans, and other financial assistance. The Web site will make public important oversight information including the name and location of an entity receiving an award, a description of the purpose of the funding, the amount of funding, the type of transaction, the primary location of performance under the award, the funding agency, and any other relevant information specified by the Office of Management and Budget. Existing Federal databases, such as the Federal Procurement Data System, FPDS, the Federal Assistance Award Data System, FAADS, and Grants.gov, contain other public information that may also be made available through the new Web site. Current law requires that certain information related to the use of competitive or noncompetitive procedures in procurements be included in FPDS.…”