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For Immediate Release
September 26, 2006

Fact Sheet: Achieving Greater Transparency and Accountability in Government

      President Bush Signs Federal Funding Accountability and Transparency Act
      In Focus: Budget Management

Today, President Bush Signed The Federal Funding Accountability And Transparency Act Of 2006 To Improve The Quality And Accessibility Of Information About Federal Spending. This legislation calls on the Office of Management and Budget to oversee a new website through which the public can readily access information about grants and contracts provided by Federal government agencies, except for those classified for national security reasons.

Transparency Produces Quantifiable Results

The President's Push To Publicly Provide Federal Program Performance Information Has Helped Make Agencies Accountable For Producing Results. Agency management improvement efforts are measured based on clear, transparent, quantifiable goals. For example:

Transparency And Accountability For Spending Taxpayer Dollars - The Line Item Veto

In Order To Turn Information About Wasteful Spending Into Concrete Action, The President Needs The Line Item Veto. The House of Representatives approved Line Item Veto legislation earlier this year by a strong bipartisan majority, and the President calls on the Senate to do the same. The Line Item Veto would be a tool to further improve government transparency and accountability and ensure wise financial stewardship of taxpayer resources.

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