08-06-2008, 05:04 PM
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Analyst
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Join Date: Apr 2008
Location: Republik of Kalifornia
Age: 50
Posts: 1,867
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Government Funding Transparency Act of 2008
Quote:
H.R.3928
Government Funding Transparency Act of 2008
To amend the Federal Funding Accountability and Transparency Act of 2006 to require certain recipients of Federal funds to disclose the names and total compensation of their most highly compensated officers, and for other purpose
4/23/2008--Passed House amended.
Government Funding Transparency Act of 2008 - Amends the Federal Funding Accountability and Transparency Act to require the Office of Management and Budget (OMB) to ensure that the federal awards website includes for each federal award of assistance or expenditures of $25,000 or more the names and total compensation of the five most highly compensated officers of the receiving entity if:
(1) the entity in the preceding fiscal year received 80% or more of its annual gross revenues and $25 million or more in annual gross revenues from federal awards; and
(2) the public does not have access to information about the compensation of the entity's senior executives through reports filed under the Securities Exchange Act of 1934 or the Internal Revenue Code.
Requires the Director of OMB to promulgate regulations to carry out this Act that include a definition of "total compensation" that is consistent with regulations of the Securities and Exchange Commission (SEC) concerning executive compensation.
* Apr 24, 2008: Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
* Apr 23, 2008: The title of the measure was amended. Agreed to without objection.
* Passed by voice vote in the House on Apr 23, 2008. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
* Apr 23, 2008: DEBATE - The House proceeded with forty minutes of debate on H.R. 3928.
* Apr 23, 2008: Considered under suspension of the rules.
* Apr 23, 2008: Mr. Towns moved to suspend the rules and pass the bill, as amended.
* Added to calendar on Apr 17, 2008: Placed on the Union Calendar, Calendar No. 367..
* Apr 17, 2008: Reported (Amended) by the Committee on Oversight and Government. H. Rept. 110-594.
* Added to calendar on Mar 13, 2008: Ordered to be Reported (Amended) by Voice Vote..
* Mar 13, 2008: Committee Consideration and Mark-up Session Held.
* Mar 11, 2008: Forwarded by Subcommittee to Full Committee by Voice Vote .
* Mar 11, 2008: Subcommittee Consideration and Mark-up Session Held.
* Nov 02, 2007: Referred to the Subcommittee on Government Management, Organization, and Procurement.
* Oct 23, 2007: Referred to the House Committee on Oversight and Government Reform.
* Oct 23, 2007: Sponsor introductory remarks on measure. (CR H11853)
* Introduced on Oct 23, 2007.
http://www.opencongress.org/bill/110-h3928/show
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OMG. that's worst piece of garbage I have ever seen. The entity only has to disclose the compensation of it's top five paid execs if the company got more than 80% or more of its annual gross revenues AND $25 million or more in annual gross revenues from federal awards. That would mean the recipients of most of those $17.5 Billion dollars in earmarks, wouldn't have to reveal the names and total compensation of the five most highly compensated officers.
This useless bill was passed with complicity on both sides of the aisle. When I went to look for the roll call this is what I found:
How disgusting is that, both sided passing the bill by voice vote like thieves in the night wearing gloves so they don't leave their fingerprints behind.
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