Federal Financial Assistance Management Improvement Act Of 2009
Madam Speaker, I yield myself such time as I may consume. Madam Speaker, this bill will bring some much-needed transparency to the Federal Government. Senate 303 reauthorizes and improves the Federal Financial Assistance Management Act of…
Madam Speaker, I yield myself such time as I may consume.
Madam Speaker, this bill will bring some much-needed transparency to the Federal Government. Senate 303 reauthorizes and improves the Federal Financial Assistance Management Act of 1999, which sought to simplify the application and reporting requirements for Federal grants. It requires the OMB and Federal agencies to develop a strategic plan for streamlining Federal grant processes, and it codifies grants.gov, the Federal Government's one-stop-shop for grant announcements and applications submission.
S. 303's new requirements are driven by a GAO assessment reporting that OMB and Federal agencies have made modest progress towards standardizing grant announcements and applications. The government has developed a standard format for grant announcements, began consolidating grant management systems, and set up a Web site, grants.gov. However, it, so far, has failed to develop a common system for a full-scale application, management, and reporting for financial assistance.
Madam Speaker, I appreciate Chairman Towns' willingness to work with us to incorporate language from H.R. 2392, the Government Information Transparency Act, which was introduced by Ranking Member Issa. The provisions that were incorporated from the ranking member's bill will enhance the collection, analysis, and dissemination of business and financial information by the Federal Government through the use of a single data standard. Currently, the Federal Government mandates disclosure of large amounts of information in a multitude of ways. Financial reports in a uniform format will be more transparent and more easily analyzed and critiqued by the public, the media, and the oversight community.
In addition, S. 303 will require grant applications and reports to be made public and prepared according to a single, consistent data standard. For the first time, watchdog groups, journalists, and ordinary citizens will be able to see for themselves the promises and projections that grant applicants make in order to receive taxpayer dollars and then hold them directly accountable. A watchdog group publicizing waste or abuse of taxpayer money could put up a blog post linking directly to applications and reports describing how the money has been appropriated and spent.
A citizen or a news reporter searching for the name of a company might discover that the company had received taxpayer money to complete a local infrastructure project and be able to hold the company directly accountable for the use of public funds. Information about the amount of money requested, the amount of money spent, and progress on taxpayer-funded projects could be computed automatically and easily. Taxpayers could determine how much grant money had been awarded to a local business or nonprofit, and automatically compare the performance of different grant recipients and recognize disparities in grant funding between States or congressional districts.
Madam Speaker, I want to thank Chairman Towns and his staff for working with the Republicans on this important legislation by incorporating bipartisan language to increase transparency in the Federal Government. I also want to commend Senator Voinovich for his hard work on this bill, and I ask my colleagues to support this legislation.
We have no further speakers, and I would yield back the balance of my time.