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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.

 

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.

 

A Year in Review: The Data Coalition in 2016


It’s been a busy year for the world’s only open data trade association! We started a new sister organization, welcomed nearly two thousand people to our events, testified before Congress, and celebrated the Senate’s passage of landmark legislation. Our members made all this possible.

 

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.

 

Third Annual DATA Act Summit: A critical tipping point reached, but big challenges remain to be solved in 2017


The DATA Act, the nation’s first open data law, hit two major milestones this May. Not only did it celebrate its two-year anniversary since being signed into law by President Obama on May 9th, 2014, but we are now seeing federal agencies, the White House, Congress, and the private sector embracing the law’s vision for government-wide spending transparency as a very real inevitability.