Washington, D.C. – U.S. Senator Mike Enzi, R-Wyo., is looking forward to an on-line database that will allow taxpayers to see how their money is being spent.
"Confusion clouds the spending process in Washington. This bill will help bring a sea change and openness to the system. By creating a one-stop shop to see if Congress is being good stewards of taxpayer dollars every constituent will be able to hold the government accountable for excess spending," said Enzi, member of the Senate Budget Committee. "This bill will give the public an honest look at the ledgers and as an accountant I know the value of keeping tabs on expenditures. My colleagues and I realize the importance of getting unfiltered information to taxpayers and quickly passed and sent this bill to the President."
Today the Federal Funding Accountability and Transparency Act, S. 2590, co-sponsored by Enzi and Senator Craig Thomas, R-Wyo., was sent to the President’s desk for his signature. The bill will require the Office of Management and Budget to maintain and establish a website that lists all entities receiving federal funds in amounts over $25,000 with exceptions for classified information and federal assistance payments made to individuals. The information would include the name of each receiving recipient, the amount of federal funds received annually by the program and the location of the recipient. All information must be posted within 30 days of funding being awarded to an recipient. The database is required to be up and running no later than January 1, 2008 but Enzi hopes it will be working sooner.
The Senate passed the bi-partisan bill introduced by Senators Tom Coburn, R-Okla., and Barack Obama, D-Ill., on Sept. 7. The House passed the legislation on Sept. 13. The President is expected to sign the bill.
About $300 billion in grants are approved by the federal government every year, according to the General Services Administration.