What does the Federal Funding Accountability and Transparency Act aim to provide?

Prepare for the CGFM Exam 1 with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you understand. Ace your exam by studying the key concepts of the governmental environment!

The Federal Funding Accountability and Transparency Act was enacted to improve the public's access to information on federal spending. Specifically, it aims to provide transparency by making federal funds more observable and accessible, which aligns with the principle of accountability in government. The Act requires the establishment of a public website that allows individuals to track where federal funds are going, thereby enhancing visibility into government spending. This transparency helps to ensure that taxpayer dollars are used effectively and fosters increased public trust.

While options related to new funding sources, reduced federal budgets, or enhanced hiring practices may imply improvements in government efficiency or effectiveness, they do not capture the central objective of the Act, which is focused on transparency and visibility into how government funds are allocated and spent.

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