What's Happening in Data Transparency

From our Blog

Tech Industry Applauds Introduction of Financial Transparency Act of 2015

The bill directs the Treasury Department’s Office of Financial Research to set data standards, including a common identification code for regulated entities, for the whole financial regulatory sector. It also directs the eight other agency members of the Financial Stability Oversight Council, including the Securities and Exchange Commission and Commodity Futures Trading Commission, to adopt data standards for the regulatory information they collect, and to follow the OFR’s lead where applicable.

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House Committee Approves Anti-Open Data Bill Again – But Without Democrats’ Enthusiasm

The House Committee on Financial Services has voted to approve legislation that would require the U.S. Securities and Exchange Commission (SEC) to stop collecting searchable XBRL data from most public companies. Rep. Robert Hurt’s (R-VA) Small Company Disclosure Simplification Act, H.R. 1965, passed, 44 votes to 11. All Republicans voted in support; 14 Democrats voted yes; 11 Democrats voted no.

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Landmark Open Data Legislation to be Introduced

Rep. Darrell Issa (R-CA) and a bipartisan group of cosponsors will introduce the Financial Transparency Act of 2015 at a press conference tomorrow at 2 pm in room 2226 of the Rayburn House Office Building. Supporters of open data and the public are welcome to attend.

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Why the Data Transparency Coalition?