1.This Act may be cited as the
Federal Funding Accountability and
Transparency Act of 2006
.
2.Full disclosure of
entities receiving Federal funding
(a)
(1)Effective beginning January 1, 2007 and
subject to paragraphs (2) and (3), the Office of Management and Budget shall
ensure the existence and operation of a single updated searchable database
website accessible by the public at no cost that includes for each entity
receiving Federal funding—
(A)the name of the entity;
(B)the amount of any Federal funds that the
entity has received in each of the last 10 fiscal years;
(C)an itemized breakdown of each transaction,
including funding agency, program source, and a description of the purpose of
each funding action;
(D)the location of the entity and primary
location of performance, including the city, State, congressional district, and
country;
(E)a unique identifier for each such entity
and parent entity, should the entity be owned by another entity; and
(F)any other relevant information.
(2)Effective January 1,
2007, the website shall include data for fiscal years 2006 and 2007.
(3)Not later than January
1, 2009, information required by this section shall be posted on the website
for fiscal years 1999 through 2005.
(b)In this section:
(1)The term entity—
(A)includes—
(i)a corporation;
(ii)an association;
(iii)a partnership;
(iv)a limited liability company;
(v)a limited liability partnership;
(vi)any other legal business entity;
(vii)grantees, contractors, and, on and after
October 1, 2007, subgrantees and subcontractors; and
(viii)any State or locality; and
(B)does not include—
(i)an individual recipient of Federal
assistance;
(ii)a Federal employee; or
(iii)a grant or contract of a nature that could
be reasonably expected to cause damage to national security.
(2)The term
federal funding—
(A)means Federal financial assistance and
expenditures that include grants, contracts, subgrants, subcontracts, loans,
awards and other forms of financial assistance; and
(B)does not include credit card transactions
or minor purchases.
(3)Searchable
database websiteThe term
searchable database website means a website that allows the public
to—
(A)search Federal funding by name of entity,
parent entity, or type of industry, geography, including location of the entity
and the primary location of the performance, amounts and types of federal
funding, program sources, type of activity being performed, time factors such
as fiscal years or multiple fiscal years, and other relevant information;
and
(B)download data included in subparagraph (A)
including outcomes from searches.
(c)The database website established by this
section—
(1)shall not be considered in compliance if it
links to FPDS, Grants.gov or other existing websites and databases, unless each
of those sites has information from all agencies and each category of
information required to be itemized can be searched electronically by field in
a single search;
(2)shall provide an opportunity for the public
to provide input about the utility of the site and recommendations for
improvements; and
(3)shall be updated not later than 30 days
after the award of any assistance requiring a posting.
(d)The Director
of OMB shall provide guidance to agency heads to ensure compliance with this
section.
(e)The Director of OMB shall annually report
to the Senate Committee on Homeland Security and Government Affairs and the
House Committee on Government Reform on implementation of the website that
shall include data about the usage and public feedback on the utility of the
site, including recommendations for improvements. The annual report shall be
made publicly available on the website.