Posts tagged as ‘GREAT Act’
Governments around the world are implementing Standard Business Reporting (SBR) to modernize how they interact with the private sector and collect regulatory reporting. The Data Coalition is making the case for SBR in the U.S. federal government.
On Wednesday, September 26, the House of Representatives passed the GREAT Act (S. 3484, H.R. 4887). Earlier that day, the Senate Homeland Security and Governmental Affairs Committee unanimously reported the legislative proposal by voice vote.
Thanks to a generous invitation from Terrapinn, Data Coalition leadership spent nine days in Sydney and Canberra meeting leaders at the vanguard of Australia’s digital transformation.
On Wednesday, the House Oversight Subcommittee on Intergovernmental Affairs convened a hearing to assess the government’s management of the federal grants process. Detailed in our latest blog are key exchanges between the Subcommittee and witnesses.
If you have been following along with the White House Performance Management Agenda (PMA), you will have noticed the release of the Second Quarter Action plans late last month. At the Data Coalition, we are zeroing in on Cross Agency Priority (CAP) Goal 2: Data as a Strategic Asset and Goal 8: Results-Oriented Accountability for Grants Management.
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.
The White House endorsed a data-centric approach to modernizing and restoring trust in government. For data companies and data transparency, the newly-unveiled President’s Management Agenda (PMA) does not disappoint.
The White House has published a plan to transform federal grant reporting from disconnected documents into open, standardized data. We know the road will be long. If the federal grant system were one company, it would be, by far, the world's largest, with over $600 billion in annual revenue.