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Financial Transparency Bill introduced in the US

Posted on May 22, 2015 by Dave Nitchman

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Legislation that would require all of the US federal financial regulators to replace existing disconnected, often manually prepared, reports and forms with consistent data standards for all the information they collect under securities, commodities, and banking laws was introduced this week. This legislation has the backing of a bipartisan group of lawmakers. If passed it would represent a very significant advance for transparency in the US. We applaud this move — sought by the Data Transparency Coalition — which coming on the heels of the DATA Act, is a sign of positive trends in the US. Learn more.

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