The US Treasury has launched a new analytics portal based on public spending data it collects through the DATA Act. The platform makes it easy to access the data on government appropriations and the activities, contracts, and grants they fund – across all US Federal agencies, searchable on a single platform. Other countries considering the opportunities […]
Reports by Inspectors General of US Government agencies reveal that progress towards deadlines set out by the DATA Act for structured spending data is not on track.
After a year of revisions and “hundreds” of comments, the US Treasury has released a near final version of its schema outlining data definition standards to be used by federal agencies in reporting spending under the DATA Act. The DATA Act Information Model Schema (DAIMS) v1.0 gives an overall view of the hundreds of distinct data elements […]
One of the key messages to come out of the Data Coalition’s “Financial Data Summit” this week was that marrying the private sector’s technical expertise with government’s capacity to set the policy agenda is what will move open data forward.
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 […]
The US House of Representative’s Committee on Oversight and Government Reform held a hearing with testimony from elected and government official on how the DATA Act will impact government spending.
Data Transparency 2014 brought together policymakers and subject matter experts with agency leaders, civil-society advocates, and tech-sector innovators who are working to create a culture of open data in the US Federal Government. Mark Flannery, the SEC’s new Chief Economist, touched extensively on XBRL in his remarks highlighting data quality. He also affirmed that “SEC staff are committed […]
US President Barack Obama issued an Executive Order setting forth principles and requirements for making US Government data open and machine-readable, including that “To promote continued job growth, Government efficiency, and the social good that can be gained from opening Government data to the public, the default state of new and modernized Government information resources […]