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Guest Blog Post: Why the DATA Act’s New Data Standards Matter

Data standards in federal spending are no small task – given the complexity of federal appropriations and the multitude of spending by agency programs currently tracked through legacy systems that have been built over the past 25 years. Simply agreeing on terminology for terms used across contracts, grants, and loans is a significant step forward. But under the DATA Act, the federal government has done exactly that.

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Nine Months to Reporting Deadline, GAO Finds Two Big DATA Act Challenges

The Government Accountability Office (GAO) has released two reports assessing the federal government’s work on the DATA Act. Nine months from now, in May 2017, every federal agency must begin reporting standardized spending data. If the agencies follow the law, and if they report good, quality data, they’ll create the world’s most valuable open data set: a single, standardized view of the spending of the entire federal executive branch.

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