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On Thursday, July 12, the House Administration Committee hosted the 6th Annual Legislative Data and Transparency Conference, which brought individuals from government agencies together with data users and transparency advocates to foster a conversation about the use of legislative data, how agencies use technology, and how they can use it better in the future.
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.
The Data Coalition’s Board of Directors announce that Hudson Hollister has decided to depart from his role as Executive Director of the Data Coalition effective October 1, 2018, and that a search process has started to replace him.
The transparency of IT spending will improve greatly when TBM is implemented across the federal government. Standardization of IT data will encourage organizations to benchmark their spending compared to other federal organizations and even commercial ones.
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 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.
A more efficient, 21st Century approach is to retain all the data in “machine-readable form” rather than converting it into and the back out of a print format. The primary technology that enables the transfer of financial data from statement filers to users is eXtensible Business Reporting Language (XBRL).
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.
We’ve just released our 2018 Policy Agenda – our plan for the reforms that will turbocharge the data transformation this year.
As the Data Coalition celebrated its fifth birthday, our ambitious agenda had taken hold for U.S. federal spending information – and was on its way to transforming the rest of the federal information portfolio as well. Here’s a look at our biggest data reform stories of 2017 and a glimpse of what to expect next year.
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).
A new procurement announcement from the General Services Administration (GSA) has confirmed that the U.S. federal government is seriously considering a new, open future for the way its contractors and grantees are identified. The end may be in sight for the status quo, in which one company holds a monopoly over contract and grant spending data.
On October 19th in Sacramento, our California Data Demo Day brought together more than 100 supporters of opening up the Golden State’s data, representing dozens of government agencies and tech companies. Grant Thornton, Xcential, and OpenGov made our event possible through their sponsorship. Our morning of speeches, panels, and live demonstrations celebrated the impacts of open data for California: transparency outside, efficiency inside.
Last week the U.S. Securities and Exchange Commission proposed its first expansion of open corporate data in nearly nine years. Here’s where the new proposal came from, what it means, and why it matters.