Federal Funding Accountability and Transparency Act of 2006 (S.2590)
The Federal Funding Accountability and Transparency Act of 2006 (S. 2590) is an Act of Congress that requires the full disclosure to the public of all entities or organizations receiving federal funds beginning in fiscal year (FY) 2007. The website USAspending.gov opened in December 2007 as a result of the act, and is maintained by the Office of Management and Budget. The Congressional Budget Office estimates S. 2590 will cost $15 million over its authorized time period of 2007–2011.
To read the data, one must realize that there are initiatives and investment directed at projects. By auditing the initiatives, a lot of murky projects can be discovered. Already VA has discovered about 45 such projects and immediately they have been put on hold. More such muck is bound to emerge in other agencies.