Sen Warner introduces transparency bill

Sen. Mark Warner (D-VA) introduced the Digital Accountability and Transparency Act (DATA Act) which would create a single electronic platform to track all federal spending.

The bill would establish an independent body to track all federal spending. The new board would be in charge of creating data reporting standards that all agencies would have to follow while submitting data on all grants, contracts, loans and other outlays. The legislation appears identical to a bill introduced June 13 by House Oversight Chairman Darrell Issa (R-CA) of the same name.