The Federal Funding Accountability and Transparency Act

TCG alerts us this item from Federal Computer Week:

GSA opens competition for federal funding database

GSA knew Eagle Eye could provide the data because the market research firm works with OMB Watch, a nonprofit organization, to set up FedSpending.org. Congress mandated that the Office of Management and Budget set up a public Web site similar to FedSpending.org, which lists all contract and grants data. Congress passed the act in September 2006. The law charges OMB with corralling agencies to provide accurate data for a public database that Congress said would improve government accountability by Jan. 1, 2008.

Vendors have until Aug. 24 to respond to the RFP.

As TCG suggests, it is unlikely anyone but Eagle Eye will be able to bid.