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Senate Committee OKs Federal Spending Transparency Bill

BudgetA Senate panel has approved a bill that would require federal agencies to standardize and report spending in a push for greater transparency, Nextgov reported Wednesday.

Joseph Marks writes the Digital Accountability and Transparency Act moved through the Senate Homeland Security and Government Affairs Committee Wednesday on a voice vote and will go to the Senate floor.

Marks reports the bill calls for a uniform coding system meant to help auditors and watchdogs compare the way agencies spend their funds.

The DATA Act would also update USASpending.gov and evaluate agencies’ compliance in regular audits, according to the report.

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