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On November 8, the Data Coalition joined the Bipartisan Policy Center and the Office of Management and Budget to host a public forum discussing the Federal Data Strategy. The second in a series on the strategy, this forum allowed the public, businesses and other stakeholders to comment on the recently published draft set of practices.
The Office of Management and Budget released an updated Federal Data Strategy earlier this week, which included new draft practices and use cases.
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.
Last week marked the one-year anniversary of the CEP’s report, “The Promise of Evidence-based Policymaking,” and we took the opportunity to join members of the Commission and other guests at the Bipartisan Policy Center’s event, “Evidence: Time for Act.”
Modernizing financial regulatory reporting is no easy task. Open data standards are the key: by replacing document-based reports with standardized data, regulators can spur modernization.
The U.S. regulatory reporting framework is fragmented resulting in reporting requirements that are often duplicative and overlapping. J.P. Morgan Chase has issued a call to action.
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.
The benefits of contextualized, standardized data that can be brought about by the OPEN Government Data Act should also extend to an area that most workers and employers already have to deal with – retirement security.
Last week, the Data Coalition responded to the newly released Federal Data Strategy. Our response provided high-level commentary on the draft principles as well as six proposed use cases that the Administration could potentially work into the prospective Data Incubator Project.
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.
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).