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November 19, 2015
Data Transparency News
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The latest:
  • New Proposal: Transform U.S. Statutes at Large into Open Data
  • Treasury Unveils DATA Act-Mandated USASpending.gov Upgrade 18 Months Early
  • Rep. Royce Pushes SEC Chair White on Slow LEI Adoption
  • New Proposed Reg: DUNS number will no longer be mandatory for Federal Agencies

New Proposal: Transform U.S. Statutes at Large into Open Data

You’ve probably never heard of the U.S. Statutes at Large, which this week became the centerpiece of Congress’ latest move toward open data in law and regulation.

This “permanent collection of all laws and resolutions enacted during each session of Congress” isn’t as well known as the U.S. Code. While the Code organizes laws by subject matter (a process called “codification”), the Statutes at Large lists them sequentially, the way they were originally passed by Congress.

Two years ago, Congress started publishing the U.S. Code as open data, using a standardized XML structure called the U.S. Legislative Model (USLM).  That means software can understand the structure of the Code’s codified laws, connect citations electronically, and (eventually) redline proposed changes automatically.

The open data transformation hasn’t made its way to the Statutes at Large yet. But yesterday, Reps. Dave Brat (R-VA) and Seth Moulton (D-MA) proposed a bill to change that.

For more, keep reading at the Coalition blog

Treasury Unveils DATA Act-Mandated USASpending.gov Upgrade 18 Months Early

Eight years ago, as a result of the Federal Funding and Accountability Act, the United States launched a website that would forever change U.S. government transparency efforts.

In 2007, USASpending.gov commenced to provide information on federal contract and grant awards. For the first time, anyone could access a user friendly website and search for award information on federal contracts, purchase cards, grants, and loans.

Last week, the Department of the Treasury unveiled an upgraded version at OpenBeta.USASpending.gov. The phrase “Open Beta” in the new site’s URL reflects that this is a work in progress, not a finished product.

For more, keep reading at the Coalition blog

Rep. Royce Pushes SEC Chair White on Slow LEI Adoption

The Legal Entity Identifier (LEI) could allow investors, regulators, and the public to easily track companies across different agencies' reporting regimes. But to deliver that transparency, the LEI has to be adopted by the agencies first.
 
Some agencies, such as the Securities and Exchange Commission (SEC), have been reluctant to move away from their own identification codes. Last month the Data Coalition called on the SEC to adopt the LEI for all public companies, financial firms, and other entities that report to it.
 
Yesterday, Rep. Ed Royce (R-CA) asked SEC chair Mary Jo White what's taking so long. "Should we expect the SEC is going to require greater use of this important risk management tool in the future? Is there anything holding you back in that regard?" asked Rep. Royce.
 
Royce has introduced legislation requiring financial agencies to explain their progress on adopting the LEI across all their reporting requirements. He is also a cosponsor of the Financial Transparency Act, which would directly mandate the agencies to adopt a common entity identifier.

Read Rep. Royce's statement and watch him question Chair White here

New Proposed Reg: DUNS number will no longer be mandatory for Federal Agencies

For many years, the federal agencies have required contractors and grantees to register for a Data Universal Numbering System (DUNS) Number, which is provided and maintained by Dun & Bradstreet, Inc. The DUNS Number is the default data standard for identifying and matching the companies, state, local, and tribal governments, and nonprofits that receive federal taxpayer money.
 
But yesterday, the government took a first step away from that inefficient and anti-competitive arrangement.
 
For more, keep reading at the Coalition blog.

The Financial Transparency Act gains 28 bipartisan cosponsors!

The Financial Transparency Act (#TransparencyAct) gained another cosponsor this month  – Rep. Will Hurd (R-TX). The Congressman chairs the House Subcommittee on IT. The bipartisan proposal in Congress would transform U.S. financial regulatory reporting from disconnect documents into open, searchable data. 

For more information and to access the Financial Transparency Act infograph click here.

November 19: Webinar: Defining XBRL Data Quality—What You Need to Know

Data quality is an important issue, but how reliable are the assessments that are currently available to measure data quality? Join Susan Yount, Director of Reporting Practices at Workiva, and Mike Starr, Vice President of Government and Regulatory Affairs at Workiva, on Thursday, Nov. 19 for this 60-minute webinar.  They'll address the data quality issues that are relevant to you, including: 
  • The importance of measuring data quality 
  • Highlights from the most recent meeting of the SEC and DQC 
  • Recently published rules from the DQC 
One complimentary CPE credit is offered, courtesy of Workiva. Save your seat today.  

To register click here.
Facebook
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Twitter
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User Feedback Key to USASpending.gov's 2-Year Facelift
Open beta update to USAspending.gov goes live
Obama Administration Promises a Machine-Readable Federal Government Organization Chart
SEC Commissioner Piwowar Calls for Inline XBRL
SEC Adopts Seven New Structured Data Rules

 

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About Us

The Data Transparency Coalition advocates on behalf of the private sector and the public interest for the publication of government information as standardized, machine-readable data. Data transparency strengthens democratic accountability, enhances government management, reduces compliance costs, and stimulates innovation.
Copyright © 2015 Data Coalition, All rights reserved.


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