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Accountable Government

Accounting for jobs in the stimulus cash

In order to comply with new transparency requirements under the American Recovery and Reinvestment Act, state governments across the country are scrambling to report to the public how they spend recovery dollars. Unfortunately, no existing state government Web sites that are accounting for the recovery funds report the number of jobs created by private contractors. Without such data, the sites are close to meaningless.

Fortunately, Oregon is leading an effort to require contractors to report the number of jobs they create, as well as the hours worked and wages received by their employees. These proposed requirements would ensure Oregonians' tax money actually goes toward creating quality jobs.

Democrats propose oversight processes for stimulus, TARP funds

PORTLAND, Ore. (NNPA) - Rep. Chip Shields (D-Portland) this week introduced a bipartisan bill that would provide oversight of how state-chartered banks are spending money disbursed through the Troubled Assets Relief Program (TARP).

The move comes at the same time another new bill would create a statewide “stimulus czar” to oversee the influx of money expected from President Barack Obama’s economic plan.

If passed, Shields’ House Bill 2784 would convene a bipartisan group of Oregon state senators and representatives, as well as members of the Oregon Department of Consumer and Business Services and representatives of the financial industry, to provide oversight and evaluate the need for regulation of operations of financial institutions licensed, certified or chartered in this state that receive funds from the TARP program.

National experts visit Oregon to testify in support of precedent-setting transparency legislation

Salem, OR — Amidst renewed calls from the Obama administration for accountability from private contractors on the federal level, the Oregon State House of Representatives is considering a bill that would far outstrip the contractor accountability provisions maintained by any state governments to date.

This Monday at 8am, leading transparency experts from the national Coalition for an Accountable Recovery (CAR) will testified before the Oregon House Business and Labor Committee in support of the bill, HB 2037, which would require private contractors in Oregon to disclose the number of employees and the wages, they pay. This is especially important with the federal government requiring transparency on jobs created through the $6.48 billion in federal funds set aside for Oregon under the recovery plan.