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House Financial Services Committee Continues Four-Year Campaign to Eliminate Most Open Data on Corporate Finance
For over four years, the Biotechnology Innovation Organization and the leadership of the House Financial Services Committee have been trying to pass a bill that would prevent the U.S. Securities and Exchange Commission from collecting searchable financial data from most public companies. Fortunately, it is probably never going to become law. But why are the biotech industry and the Financial Services Committee leadership so fixated on the Small Company Disclosure Simplification Act?
Commentary and In the News
House Financial Services Committee Continues Four-Year Campaign to Eliminate Most Open Data on Corporate Finance
For over four years, the Biotechnology Innovation Organization and the leadership of the House Financial Services Committee have been trying to pass a bill that would prevent the U.S. Securities and Exchange Commission from collecting searchable financial data from most public companies. Fortunately, it is probably never going to become law. But why are the biotech industry and the Financial Services Committee leadership so fixated on the Small Company Disclosure Simplification Act?
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Data Coalition Opposes Anti-Open Data Bill in House Financial Services Committee
The House Financial Services Committee will mark up the Small Company Disclosure Simplification Act, H.R. 5054. The legislation was first introduced in 2013 and the bill will exempt a majority of public companies from the obligation to file financial statements in a searchable and standardized data format with the U.S. Securities and Exchange Commission (SEC).
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Government Financial Transparency Will Cure Government Mistrust
The DATA Act was a significant piece of legislation that required the federal government to adopt a single data structure for spending information along with a goal of bringing together all spending information whether it be contract, loans or grants into one unified data set that would be easily searchable by the public.
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DATA Act – Moving the Needle
We now have a full year’s worth of standardized spending data under the DATA Act of 2014. This has quietly been the largest federal financial data effort since the implementation of the CFO Act of 1990.
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Fourth Anniversary of DATA Act Delivers First Full Year of Data Reporting
Today marks the DATA Act’s fourth anniversary and the first full year of agency reporting. By May 9, 2018, the Treasury Department will have collected one full year of federal financial information from all CFO Act agencies, in accordance with the DATA Act
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How the DATA Act is Modernizing Management
On May 24th, our Data Breakfast, presented by CGI Federal, introduced federal financial professionals to the new management tools now available to understand spending through live demonstrations.
read moreFrom our Twitter Feed
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New edition of DC News! Blog by @hudsonhollister on the House Financial Services Committee's campaign to eliminate… https://t.co/4sEGHpr8Z5
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RT @hudsonhollister: On the @DataCoalition blog: Four arguments for getting rid of the SEC's corporate #opendata financial reporting req… https://t.co/zzcD7srds0
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This morning the House Financial Services Committee will markup an anti-open data bill, H.R. 5054. The proposal wil… https://t.co/gdLhlZVuiB
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CoS @sarahjoyhays is wrapping up our inaugural #DataDemoDay! Thanks to our sponsors @BoozDigital @Workiva @Xero… https://t.co/YwrhjAH6Ko
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“Data should play a key role in govt decision-making... if govt data is not secret or private the taxpayer should h… https://t.co/XrnNzuQcxs
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We are thrilled to have #OPENGovData Act champion Senator @brianschatz close out out our inaugural #DataDemoDay 201… https://t.co/DAO9TTe8R4
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Matt Vickers of @Xero is on stage now at #DataDemoDay describing the benefits of Standards Business Reporting! Bene… https://t.co/ocY0EZW7UL
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