To require full discloser of all entities and organizations receiving Federal funds.

1. Adds SEC. __. FULL DISCLOSURE OF ENTITIES RECEIVING FEDERAL FUNDING wherever appropriate

   Adds a section

   Inserted: SEC. __. FULL DISCLOSURE OF ENTITIES RECEIVING FEDERAL FUNDING.

   Inserted: (a) In General.--Effective beginning January 1, 2007, the Office of Management and Budget shall ensure the existence and operation of a single updated searchable database website accessible by the public at no cost that includes for each entity receiving Federal funding--

   Inserted: (1) the name of the entity;

   Inserted: (2) the amount of any Federal funds that the entity has received in each of the last 10 fiscal years;

   Inserted: (3) an itemized breakdown of each transaction, including funding agency, program source, and a description of the purpose of each funding action;

   Inserted: (4) the location of the entity and primary location of performance, including the city, State congressional district, and country;

   Inserted: (5) a unique identifier for each such entity and parent entity, should the entity be owned by another entity; and

   Inserted: (6) any other relevant information.

   Inserted: (b) Definitions.--In this section:

   Inserted: (1) Entity.--The term "entity"--

   Inserted: (A) includes--

   Inserted: (i) a corporation;

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   Inserted: (ii) an association;

   Inserted: (iii) a partnership;

   Inserted: (iv) a limited liability company;

   Inserted: (v) a limited liability partnership;

   Inserted: (vi) any other legal business entity;

   Inserted: (vii) grantees, contractors, and, on and after October 1, 2007, subgrantees and subcontractors; and

   Inserted: (viii) any State or locality; and

   Inserted: (B) does not include--

   Inserted: (i) an individual recipient of Federal assistance;

   Inserted: (ii) a Federal employee; or

   Inserted: (iii) a grant or contract of a nature that could be reasonably expected to cause damage to national security.

   Inserted: (2) Federal funding.--The term "federal funding"--

   Inserted: (A) means Federal financial assistance and expenditures that include grants, contracts, subgrants, subcontracts, loans, awards and other forms of financial assistance; and

   Inserted: (B) does not include credit card transactions or minor purchases.

   Inserted: (3) Searchable database website.--The term "searchable database website" means a website that allows the public to--

   Inserted: (A) search Federal funding by name of entity, parent entity, or type of industry, geography, including location of the entity and the primary location of the performance, amounts and types of federal funding, program sources, type of activity being performed, time factors such as fiscal years or multiple fiscal years, and other relevant information; and

   Inserted: (B) download data included in subparagraph (A) including outcomes from searches.

   Inserted: (c) Website.--The database website established by this section--

   Inserted: (1) shall not be considered in compliance if it links to FPDS, Grants.gov or other existing websites and databases, unless each of those sites has information from all agencies and each category of information required to be itemized can be searched electronically by field in a single search;

   Inserted: (2) shall provide an opportunity for the public to provide input about the utility and of the site and recommendations for improvements; and

   Inserted: (3) shall be updated at least quarterly every fiscal year.

   Inserted: (d) Agency Responsibilities.--The Director of OMB shall provide guidance to agency heads to ensure compliance with this section.

   Inserted: (e) Report.--The Director of OMB shall annually report to the Senate Committee on Homeland Security and Government Affairs and the House Committee on Government Reform on implementation of the website that shall include data about the usage and public feedback on the utility of the site, including recommendations for improvements. The annual report shall be made publicly available on the website.

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   Original wording

   At the appropriate place, insert the following:

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As printed