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Federal Funding Accountability and Transparency Act of 2006, Pub. L. No. 109-282 (Sept. 26, 2006).
The Act required the Office of Management and Budget (OMB) to ensure the existence and operation of a single searchable website that included information on contracts, grants, loans, and other types of federal spending. USAspending.gov was launched in December 2007 to fulfill these requirements.