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U.S. Senators Coburn, Obama, McCain, Carper Applaud Senate Committee Approval of Bill to Help Taxpayers "Google" Federal SpendingJuly 27, 2006 -- WASHINGTON - U.S. Senators Tom Coburn, M.D. (R-OK), Barack Obama (D-IL), John McCain (R-AZ) and Tom Carper (D-DE) today urged the full Senate to pass S. 2590, 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. The Senate Committee on Homeland Security and Governmental Affairs approved S. 2590 unanimously today. The House has already passed similar legislation that is limited to grant disclosure only.

"Passing this bill will help end the culture of secrecy in Washington and restore some measure of the public's confidence in government. Technology has made it possible, like never before, to fulfill our founders' vision of enabling all citizens to understand our nation's finances, investigate abuses and hold elected officials accountable," Dr. Coburn said, adding that a hearing being held today in the House Government Reform Committee on abuses in homeland security contracting highlights the urgent need to include contracts in the database.

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