What did the Federal Funding Accountability and Transparency Act of 2006 (FFATA) establish?

The Federal Funding Accountability and Transparency Act of 2006 (FFATA) was a significant legislative initiative aimed at increasing transparency in federal government spending. The act established an online portal that provides a comprehensive view of federal spending, allowing the public to track how taxpayer dollars are being used. This online resource is critical for enhancing accountability and promoting openness within the federal government, as it enables citizens, researchers, and watchdog organizations to access information about federal awards, including grants and contracts.

The portal created under FFATA serves as a central repository of federal spending data, helping to inform the public and policymakers alike about how funds are allocated and spent across various federal agencies. This initiative aligns with broader governmental efforts to improve transparency, reduce waste, and ensure that federal funds are used effectively.

Thus, the establishment of this online portal for tracking federal spending is the primary purpose of FFATA, highlighting its impact on financial accountability in the government sector.