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Posts tagged as ‘Noteworthy


 

Financial Transparency Act Re-introduced


Twenty-eight Members of the House of Representatives, led by Rep. Darrell Issa (R-CA), have reintroduced the Financial Transparency Act (H.R. 1530). If enacted, the Financial Transparency Act would be the nation’s first RegTech law. The bill would modernize the U.S. financial regulatory reporting process from unstructured documents into fully searchable, standardized, and machine-readable data.

 

GSA Asks How to Break DUNS Monopoly


Last Friday, the General Services Administration, which manages the government-wide database of grantees and contractors and which administers the government-wide contract with D&B, released a Request for Information on alternatives to the DUNS Number.

 

A Government in Transition: From Documents to Data


The DATA Act is the first modern attempt to bring together three broad categories of federal spending reporting requirements: cash-based agency budgets, accrual-based accounting data, and award data. The open data law requires the federal government to define and apply standard data elements and a government-wide data format to all federal spending.

 

Senate Unanimously Passes Broad Open Data Mandate, OPEN Government Data Act; Now the 115th Congress Must Take Action


Early this morning the Senate approved by unanimous consent the Open, Public, Electronic and Necessary (OPEN) Government Data Act (S.2852), sending a strong signal to the incoming 115th Congress that the bill can quickly be passed by both chambers upon re-introduction in January.

 

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.

 

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.