Senators Coburn, Obama Statement On Passage of Federal Spending Database Bill
September 14, 2006
(WASHINGTON, D.C.) - U.S. Senators Tom Coburn, M.D. (R-OK) and Barack Obama (D-IL) issued the following statement applauding final congressional passage of the Federal Funding Accountability and Transparency Act (S. 2590), a bill that creates a Google-like search engine and database to track approximately $1 trillion in federal grants, contracts, earmarks and loans.
"This landmark transparency legislation will reduce wasteful spending by empowering every American to be a citizen investigator capable of holding the government accountable for spending decisions," Coburn and Obama said. "The bloggers, commentators and citizens who tirelessly pushed for this transparency legislation deserve full credit for its enactment."
The bill now goes to the President for his signature.