Over 100 attendees participated in the Data Coalition’s second annual California Data Demo Day in Sacramento. Hosted by Socrata, with additional sponsorship from the Department of Better Technology, the event spotlighted the state’s step-by-step progress in adopting consistent data standards to make its data searchable and publishing it for all to scrutinize and use.
The Data Transparency Coalition is changing its name to Data Coalition. Today also marks the launch of the Data Foundation, the nation’s first industry-focused open data research organization. Through research, education, and programming, the new Foundation will illuminate the benefits of transforming government information into standardized, open data.
Washington, D.C. - Financial expert Allan Mendelowitz today estimated that if U.S. financial regulatory agencies adopted consistent data formats for the information they collect, instead of using today’s document-based reports, a typical large investment firm could save "20 to 30 percent of operating expenses, or $200 to $300 million annually,” with similar savings across the whole financial industry.
Small Business Administration Demos First-ever DATA Act Visualization Platform at Data Coalition BreakfastTuesday, Oct 20, 2015
Washington, D.C. - The Data Transparency Coalition (DTC) applauded the Small Business Administration for teeing off on DATA Act implementation. The Coalition hosted a breakfast at PwC to provide an opportunity to hear from the front-line DATA Act implementers—the Small Business Administration (SBA), the Department of Veterans Affairs (VA), and the White House Office of Management and Budget (OMB).
Washington, D.C. - Nearly 500 registrants participated today in Data Transparency 2015, Washington's largest-ever open data policy conference, hosted by the Data Transparency Coalition. Live demonstrations showed how reforms like last year’s Digital Accountability and Transparency act (DATA Act) are bringing about democratic accountability for citizens, data-driven management within government, and automated compliance for businesses.
Today, applying the DATA Act of 2014, the Treasury Department and the White House Office of Management and Budget finalized the 57 data fields that could deliver transformative transparency to U.S. citizens, data-driven management within federal agencies, and automated reporting for grantees and contractors. Supporters of modernizing government should applaud the nearly sixteen months of hard work by Treasury and OMB leaders that brought us to this point.
Data Transparency Coalition hosts Data Demo Day at the California State Capitol in support of open data policiesThursday, Aug 27, 2015
Sacramento, California - Legislators, technology companies, government leaders, and civic technologists got a "taste" of the benefits of open data at this morning's first-ever California Data Demo Day at the State Capitol, hosted by the Data Transparency Coalition and presented by Teradata. Coalition members showcased technologies to visualize, analyze, and automate government information, transforming disconnected documents into open, searchable data.
Data Transparency Coalition Commends House Oversight Committee on vigorous leadership for spending transparencyWednesday, Jul 29, 2015
Washington, D.C. - The Data Transparency Coalition (DTC) today applauded the House Oversight Committee for its hearing on the implementation of the Digital Accountability and Transparency Act of 2014 (DATA Act). Today’s hearing, conducted jointly by the Subcommittee on Information Technology and the Subcommittee on Government Operations, validated the importance of the DATA Act as a transformative piece of legislation, bringing the government’s spending data into the 21st century.
The bill directs the Treasury Department's Office of Financial Research to set data standards, including a common identification code for regulated entities, for the whole financial regulatory sector. It also directs the eight other agency members of the Financial Stability Oversight Council, including the Securities and Exchange Commission and Commodity Futures Trading Commission, to adopt data standards for the regulatory information they collect, and to follow the OFR's lead where applicable.
"The Small Company Disclosure Simplification Act is based on justified frustration with the SEC's very real failure to make its existing data reporting requirement work properly for investors, companies, and internal use. But the proper response should be for Congress to direct the agency to improve the quality of the data."
On the first full day of business for the new Republican Congress, the House of Representatives barely fell short of passing a regressive piece of legislation that would have set back data transparency efforts in financial regulation. H.R. 37, the “Promoting Job Creation and Reducing Small Business Burdens Act", includes Rep. Robert Hurt's Small Company Disclosure Simplification Act, which would exempt 60 percent of public companies from filing searchable financial data with the Securities and Exchange Commission (SEC).