Senate Passes Coburn-Obama Bill to Create Internet Database of Federal Spending

September 8, 2006

(WASHINGTON, D.C.) – U.S. Senators Tom Coburn (R-OK) and Barack Obama (D-IL) today hailed the Senate’s passage of the “Federal Funding Accountability and Transparency Act,” a bill that will create a Google-like search engine and database to track approximately $1 trillion in federal grants, contracts, earmarks and loans.

“Every American has the right to know how their government spends their money, and then to hold elected officials accountable for those decisions. I applaud my colleagues for unanimously supporting a bill that will aid the American people in that effort,” Dr. Coburn said. “This bill is a small but significant step toward changing the culture in Washington. Only by fostering a culture of openness, transparency and accountability will Congress come together to address the mounting fiscal challenges that threaten our future prosperity.” more