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Bipartisan, Bicameral OPEN Government Data Act Reintroduced


Today a bicameral and bipartisan group of lawmakers reintroduced the Open, Public, Electronic and Necessary (OPEN) Government Data Act (H.R. 1770). The OPEN Government Data Act will require all federal agencies to publish their information online, using non-proprietary, machine-readable data formats. Senators Ben Sasse (R-NE) and Brian Schatz (D-HI), and Representatives Blake Farenthold (R-TX) and Derek Kilmer (D-WA) led the reintroduction.

 

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.

 

DATA Act Leadership Optimistic about May 2017 Reporting Deadline Amidst Administrative Transition


Subcommittee Chairman Mark Meadows (NC-11) opened the hearing stating that while agencies are ultimately responsible for their own data reporting, his committee is dedicated to conducting oversight and exploring what needs to be tweaked to assure success. The Chairman recognized the Data Coalition’s efforts to bring these issues to the Subcommittee's attention.

 

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.