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House, Senate Agree on Federal Spending Database; Bill Must Still Pass House

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The House and Senate have agreed on a version of S. 2590, the Coburn-Obama database bill. The press release indicates that the publicly available database that the legislation will create will include both federal contracts and grants (an earlier House bill, Blunt-Davis, would have disclosed grants but not contracts). The bill still has to pass the House, but it looks like it's moving forward. Here's the release:

WASHINGTON---House Majority Whip Roy Blunt (Mo.), U.S. Senators Tom Coburn (Okla.), Barack Obama (Ill.), and Tom Carper (Del.), and Government Reform Chairman Tom Davis (Va.) today announced that they have reached agreement on legislation to increase accountability and transparency by establishing a public database to track federal grants and contracts.

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