Posts tagged as ‘Open Data’
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.
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.
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
Join us on May 24 to understand the DATA Act's new opportunities for managers--and glimpse what's coming in the future!
Today, the U.S. Treasury Department’s Fiscal Service launched the Data Lab. This analytics portal is hosted on the newly revamped USAspending.gov site, in accordance with the DATA Act of 2014.
The inaugural RegTech Data Summit’s thesis was that regulatory rules, technology, and data must be modernized in a coordinated fashion. If all three areas are modernized in tandem, new RegTech solutions will flourish, reducing reporting duplication, minimizing reporting errors, and enabling automation.
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.
Progress in RegTech has been seen in the private sector as access to quality data improve. This progress has not been mirrored in the private sector here in the United States, but the potential to improve government efficiency is not far off.
One week after Representatives Virginia Foxx (NC-R-5) and Jimmy Gomez (CA-34-D) introduced the Grant Reporting Efficiency and Agreements Transparency (GREAT) Act (H.R. 4887), the House Oversight and government Reform Committee marked-up the bill. The GREAT Act was favorably reported out of the Committee and will now move to the House floor for a vote.