Rep. Henry Waxman (D-CA), chairman of the House committee on government reform and oversight, has introduced a bill that would go a long way toward reforming the contracting process. The bill would make publicly available more information on contracts, fix parts of the contracting process that have been exploited by wasteful contractors, and move towards closing the revolving door between government employees and contractors. We look forward to see where Waxman takes this bill. Meanwhile, check out FedSpending.org for the most comprehensive data set out there on government contracting.