(Updated September 11, 2006)

S. 2590
Federal Funding Accountability and Transparency Act of 2006  

Floor Situation

The House considered S. 2590, under suspension of the rules, on Wednesday, September 13, 2006. The bill passed by a voice vote.

Summary

S. 2590 requires that full disclosure of all entities and organizations receiving Federal funds be made available by the Office of Management and Budget on a single, searchable website, accessible by the public at no cost to access. The website shall be made available to the public no later than January 1, 2008.

The Federal Funding Accountability and Transparency Act of 2006 requires for each Federal award, these requirements must be meet on the website:

• the name of the entity receiving the award;
• the amount of the award;
• information on the award including transaction type, funding agency, the North American Industry Classification System code or Catalog of Federal Domestic Assistance number (where applicable), program source, and an award title descriptive of the purpose of each funding action;
• the location of the entity receiving the award and the primary location of performance under the award, including the city, State, congressional district, and country;
• a unique identifier of the entity receiving the award and of the parent entity of the recipient, should the entity be owned by another entity; and
• any other relevant information specified by the Office of Management and Budget.

Legislative History

S. 2590 was introduced by Sen. Coburn (OK) on April 6, 2006. The bill passed the Senate, with an amendment, by unanimous consent, on September 7. 2006. The bill was referred to the Government Reform Committee, but was not considered.
 
For additional information or questions, please contact the Government Reform Committee at 5-5074.