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Federal Funding Accountability and Transparency Act
Senator Obama worked closely with Senator Coburn, to draft and ultimately pass the Federal Funding Accountability and Transparency Act. President Bush signed this measure into law in September of 2006.
This important bill will bring badly needed transparency to Federal spending by creating a user-friendly website to search all government contracts, grants, earmarks, and loans, thereby opening up Federal financial transactions to public scrutiny. This measure was cosponsored by more than 40 Senators and received the support of more than 100 outside groups from all parts of the political spectrum. It was also endorsed by dozens of editorial boards across the country from the Wall Street Journal, to the Chicago Sun-Times and The Oklahoman. The Transparency and Integrity in Earmarks Act
Hidden, last-minute earmarks hide pork and add to wasteful federal spending. Senator Obama sponsored the Transparency and Integrity in Earmarks Act. The bill would shed light on the almost 16,000 earmarks that were included in spending bills in 2005. Under the bill, all earmarks, including the name of the requestor and a justification for the earmark, would have to be disclosed 72 hours before they could be considered by the full Senate. Senators would be prohibited from advocating for an earmark if they have a financial interest in the project or earmark recipient. And, earmark recipients would have to disclose to an Office of Public Integrity the amount that they have spent on registered lobbyists and the names of those lobbyists. Several of these provisions were included in the ethics and lobbying reform bill that passed the Senate in January 2007.
Stopping Nuclear Terrorism and Weapons Proliferation
Senator Obama traveled in 2005 to the former Soviet Union with Senator Richard Lugar (R-IN) to investigate the dangers posed by unsecured weapons. The two senators introduced legislation that was signed into law in January 2007 to help other nations detect and stop the transfer of weapons of mass destruction. The legislation also established the next generation of cooperative threat reduction efforts to destroy conventional weapons that could fall into the wrong hands. Senator Obama worked with Senator Lugar to ensure that funding was appropriated for the Lugar-Obama nonproliferation initiative.
Senator Obama also joined with Senator Hagel (R-NE) to introduce a broad bill that seeks to prevent nuclear terrorism, reduce global nuclear arsenals, and stop the spread of nuclear weapons and related technology. One provision, which was signed into law as part of the FY08 omnibus appropriations bill, requires the President to submit to Congress a comprehensive plan for ensuring that all nuclear weapons and weapons-usable material at vulnerable sites around the world are secure by 2012 to keep them out of the hands of terrorists.
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