House, Senate Agree on Transparency Bill Language

From a Coburn press release:

House Majority Whip Roy Blunt (Mo.), U.S. Senators Tom Coburn (Okla.), Barack Obama (Ill.), and Tom Carper (Del.), and Government Reform Chairman Tom Davis (Va.) today announced that they have reached agreement on legislation to increase accountability and transparency by establishing a public database to track federal grants and contracts.

House Majority Leader John Boehner (Ohio) announced he plans to schedule the agreed-upon language for House floor consideration next week.