It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Have you ever wanted to find more information on government spending? Have you ever wondered where federal contracting dollars and grant awards go? Or perhaps you would just like to know, as a citizen, what the government is really doing with your money. The Federal Funding Accountability and Transparency Act of 2006 (Transparency Act) requires a single searchable website, accessible by the public for free that includes for each Federal award:
1. The name of the entity receiving the award;
2. The amount of the award;
3. Information on the award including transaction type, funding agency, etc;
4. The location of the entity receiving the award;
5. A unique identifier of the entity receiving the award.
The Office of Management and Budget initially doubted the need for or the possibility of developing a single, online, publicly accessible database with all contracts, grants, loans and other transactions. But after Sens. Tom Coburn (R-Okla.) and Barack Obama (D-Ill.) shepherded the Federal Funding Accountability and Transparency Act through Congress and it became law, administration officials rethought the possible.