Muckrakers, rejoice! The Coburn-Obama database bill passed the House by voice vote this evening and will likely soon become law.
By next year, the public should have a public, searchable website that in one place tracks the approximately $300 billion in grants that the federal government doles out to roughly 30,000 different organizations each year, in addition to the roughly one million contracts that exceed the $25,000 reporting threshold.
The bill now simply needs the President’s siganture. That seems likely, as Bush applauded the bill’s passage in a statement this evening.
