Senator Frist on the Federal Funding Accountability and Transparency Act

The Federal Funding Accountability and Transparency Act (S. 2590) gets voted out of the Senate! Next stop...the House.

Senator Frist posts a press release on its passage:

September 7th, 2006 - WASHINGTON, D.C. — U.S. Senate Majority Leader Bill Frist, M.D., (R–Tenn.) made the following statement regarding the Federal Funding Accountability and Transparency Act of 2006:

“Tonight in the Senate, fiscal responsibility won. A tremendous effort from the blogosphere and our constituents, and the patience and cooperation of colleagues, led us to take this healthy step forward when it comes to responsible Federal spending.

"The Federal Funding Accountability and Transparency Act of 2006 will create a single, easily searchable database capable of tracking approximately $1 trillion in federal grants, contracts, earmarks, and loans.

“I want to thank my colleagues and those in the blogosphere that were working so passionately to get this piece of legislation passed in a timely manner.”