The House on Monday passed legislation expanding transparency standards so that taxpayers can see how federal funds are spent.
Passed by voice vote, the Digital Accountability and Transparency (DATA) Act would direct federal agencies to establish government-wide financial data standards available on USASpending.gov. The data would include agency expenditures as well as federal contract, loan and grant spending.
The Senate passed the measure by unanimous consent the week before the recess. It now heads to the White House for President Obama’s signature.
The measure also calls for the head of the Office of Management and Budget (OMB) to establish a two-year pilot program to develop recommendations for federal reporting standards and find ways to avoid duplication in such reporting. It would further instruct the OMB director to review the reporting requirements for recipients of federal funding.