Whats the purpose of the new legislation?
To provide the public with information about how their tax dollars are spent. Citizens have a right and need to understand where tax dollars are spent. Collecting data about the various types of contracts, grants, loans, and other types of spending in our government will provide a broader picture of and much needed transparency to the Federal spending processes. The ability to look at contracts, grants, loans, and other types of spending across many agencies, in greater detail, is a key ingredient to building public trust in government and credibility in the professionals who use these agreements.
The purpose of the Recovery Act is to create and save jobs, jumpstart our economy, and build the foundation for long-term economic growth. The Act includes measures to modernize the nation’s infrastructure, enhance America’s energy independence, expand educational opportunities, increase access to health care, provide tax relief, and protect those in greatest need.
