Long-Awaited Transparency Bill (S. 2590) Passes Senate!

After a full month of secret holds and back-room manuevering, of personal conflicts and idle rhetoric, a bill promoting transparency and disclosure of a vast array of government spending has finally passed one chamber of Congress. Late last night, during a period when all previous secret holds on the bill had been removed, Majority Leader Bill Frist (R-TN) acted quickly and S. 2590 was quickly approved unanimously by the Senate.

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Hold the Presses

Per word confirmed by Senate Minority Leader Reid's office and via the apparent blogo-euphoric Dr. Frist, there now appear to be no current holds now on S. 2590... for now. Meanwhile, OMB Watch joined a broad spectrum of groups yesterday to promote S. 2590 at a Capitol Hill press conference. The Hill has an excellent piece on it today. Also take a look at the joint sign-on letter signed by 82 organizations in support of S. 2590 organized by the National Taxpayers Union and OMB Watch. The letter was sent to Senate Majority Leader Bill Frist (R-TN) after the press conference yesterday.

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BudgetBlogger Sighting: TPM Cafe

My esteemed colleague and fellow BudgetBlogger Dana Chasin will be blogging on the estate tax over at TPM Cafe for the next few weeks. Check out his most recent post here!

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Uh, Hold that Thought

The controversy over secret Senate legislative holds following the confession by Sen. Ted Stevens (R-AK) last week rages on. The trailblazing reformer Trent Lott has just found religion. "Secret holds are outrageous…. It's one of the fundamental problems we have in the Senate today. It's abused and misused… It's corrosive." And now today even Stevens has seen the light and lifted his hold on the database bill "now that [Coburn] has ceased blocking several Commerce Committee with his secret holds." But wait, there's more —- Bill Frist can't resist joining the fun:

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More Documents from IRS Audit Released by NAACP

The NAACP used the Freedom of Information Act to find out what was in the IRS file on the agency's investigation into alleged prohibited partisan speech by the NAACP. The NAACP released the first batch of documents to the public in May (for more see the May 31, 2006 version of the OMB Watcher To see all 1,715 pages in the second batch of documents click here.

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More Budget Gimmickry

We reported earlier last week that Congress had passed legislation that pushed some Medicare spending for this year into next year. Now the White House might get into the game, too. Budget guru Stan Collender has been hearing rumors that the White House might delay some spending from this fiscal year until the next.

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GAO: Inadequate Transparency in Katrina Spending

The Government Accountability Office has released several reports on U.S. disaster preparedness. You can find the reports here. One of GAO's main findings supports claims by the Brookings Institute that there's been inadequate transparency for Katrina-related spending. Across the board, government agencies are not tracking and reporting how they've been using funds for the recovery. If they have been doing it, they've mostly botched it. From CongressDailyAM (sub.):

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Senate Committees Stand Up To Corporations...Maybe

Wall Street fatcats, beware! The Senate Finance and Banking Committees are watching you, and they're sick and tired of your greedy, cheatin' ways. Seriously. They each called hearings today on executive compensation.

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Phone Forum on Election Involvement by 501(c)(3) Organizations

With the 2006 election just around the corner, the IRS has scheduled two free conference calls for tax exempt organizations on September 19th and 20th to discuss the electoral activity of 501(c)(3) organizations. The IRS invites tax professionals and representatives of tax exempt organizations to participate in a Phone Forum on Election Involvement by IRC section 501(c)(3) Organizations (including churches). The seminar provides an overview of the political intervention rules for these organizations.

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Much Ado-Nothing on Earmark Legislation in House?

Remember earlier this year when the Abramoff scandal spawned urgent bipartisan calls for lobby and earmark reform legislation? Might wanna get ready to throw that, along with reinstatement of PAYGO rules and a minimum wage increase, in the tax-and-budget Do-Nothing congressional trash can.

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