Warner’s federal financial transparency proposal clears House
The U.S. House of Representatives unanimously approved Sen Mark Warner’s proposal to standardize federal spending data and publish it online.
The aim is to help taxpayers and lawmakers to keep a sharp eye on how their tax dollars are being spent.
The bill requires federal agencies to account for every dollar they spend on a single website, in an easy-to-read format.
“In the digital age, we should be able to search online to see how every grant, contract and disbursement is spent in a more connected and transparent way through the federal government, Warner said.
“Our taxpayers deserve to see clear, accessible information about government spending, and this accountability will highlight and help us eliminate waste and fraud,” he added.
Warner co-sponsored the bill with Sen. Rob Portman, R-Ohio. A House companion bill was sponsored by Rep. Darrell Issa, R-Calif., and Rep. Elijah Cummings, D-Md.