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Standard Business Reporting: Open Data to Cut Compliance Costs

Standard Business Reporting programs are in place in the Netherlands and Australia. SBR applies open data to regulation by adopting consistent data standards across multiple agencies’ reporting requirements. SBR can reduce compliance costs while avoiding political battles over the substance of what companies are required to report to regulatory agencies. The 115th Congress and the Trump Administration should take notice.

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Inspectors General Evaluate Their Agencies: Spotty Progress on DATA Act

The Digital Accountability and Transparency Act of 2014 (DATA Act) requires every federal agency to begin reporting its spending information using a standardized data structure, starting in May 2017. This is a major change: for the first time, federal spending information will be available as a single, searchable data set, rather than a mishmash of disconnected documents and incompatible databases.

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Fintech Leaders: Time to Modernize Financial Reporting

The Data Coalition and seven other financial and technology organizations today sent a letter to the Financial Services Committee of the U.S. House of Representatives requesting that the committee convene a hearing on the need for regulatory agencies to modernize the way they collect information from public companies, banks, markets, and financial firms. Together, the signatories represent over two thousand technology and Fintech companies.

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Data Coalition Announces 2017 Policy Agenda

Today the Data Coalition announced its 2017 Policy Agenda, which summarizes advocacy priorities for the start of the Trump Administration and the 115th Congress. The Coalition, which represents 36 leading technology and consulting firms, is the nation’s only open data trade association.

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