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Posts tagged as ‘Congress


 

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?

 

The Data Trains Have Left the Station


Though transparency and evidence communities are immersed in data and policies to encourage greater data access and use, they seem to speak different languages. Now their objectives are joined in common legislation that advances both causes, the Foundations for Evidence-based Policymaking Act of 2017 (FEBP Act) (HR 4174).

 

Mnuchin’s Congressional Recommendations Point to Financial Transparency Act


On Tuesday, June 13th, Treasury Secretary Steve Mnuchin testified before the House Appropriations Committee in defense of the Treasury Department’s Fiscal Year (FY) 2018 Budget request (see the request here). Mnuchin’s testimony showed an opening to standardize data fields and formats across the nation’s overlapping financial regulatory regimes - just as the Data Coalition has already been recommending to Congress.