Spending database price tag: $15 million -- GCN

Spending database price tag: $15 million

By Rob Thormeyer
Aug 10, 2006

Establishing and maintaining a searchable database containing information on all sorts of federal spending would cost about $15 million over the next five years, congressional auditors said.

In a recent report, the Congressional Budget Office said the Web site, as proposed in S. 2590, the Federal Funding Accountability and Transparency Act of 2006, will cost roughly $4 million to create and approximately $11 million to maintain and update.

The legislation, co-sponsored by Sens. Tom Coburn (R-Okla.), John McCain (R-Ariz.) and Barack Obama (D-Ill.), passed the Senate Homeland Security and Governmental Affairs Committee late last month. It now awaits Senate action.

The bill would require OMB to set up a searchable Web site containing data on all sorts of federal spending, including contracts, subcontracts, grants, subgrants, loans and other financial assistance. The site must be operational by January 2008.

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