Senator Tom Coburn's activity on the Subcommittee on Federal Financial Management, Government Information, and International Security

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September 14, 2006

PASSED: Coburn-Obama Transparency Bill Passes Congress, Awaits President’s Signature

Press conference to be held today with key House, Senate and Administration leaders

With passage of the transparency bill by the House of Representatives on Wednesday, the bill now requires only the President’s approval to become law. Administration officials have informed Congress that the President plans on approving the measure quickly and beginning implementation soon after the bill is signed. Passage of the bill came as good news following the recent activity in the Senate by which various Senators attempted to block the bill’s passage through the secret hold process.

A press conference will be held this afternoon with key leaders from the Administration as well as from the Senate and House of Representatives to discuss. The following media advisory was released yesterday:

*** MEDIA ADVISORY – THURSDAY ***

HOUSE, SENATE, OMB TO IMPLEMENT TRANSPARENCY, ACCOUNTABILITY MEASURES

WASHINGTON – House Majority Whip Roy Blunt, Senator Tom Coburn, Senator Barack Obama, and Government Reform Chairman Tom Davis will join OMB’s Deputy Director for Management Clay Johnson to pledge immediate action to implement the grants and contracts database included in the Federal Funding Accountability and Transparency Act.

The legislation, sponsored in the Senate by Coburn and Obama and in the House by Blunt and Davis, is scheduled to pass the House Wednesday and represents the final version of the legislation, which will be implemented by the Office of Management and Budget.

WHO: House Majority Whip Roy Blunt (R-MO)

Senator Tom Coburn (R-OK)

Senator Barack Obama (D-IL)

Government Reform Chairman Tom Davis (R-VA)

OMB Deputy Director Clay Johnson

WHAT: News Conference on Grants & Contracts Database

WHEN: Thursday, September 14, 2006, 2 p.m.

WHERE: HC-7, the Capitol

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Senator Tom Coburn's activity on the Subcommittee on Federal Financial Management, Government Information, and International Security

340 Dirksen Senate Office Building Washington, DC 20510

Phone: 202-224-2254 Fax: 202-228-3796

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