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In this issue:
  • DTC releases new iPhone app!
  • Rep. Darrell Issa added as #FinRegSummit speaker.
  • A recap of the first 2015 Data Breakfast, focusing on the Legal Entity Identifier.
  • The DTC heads to Canada.
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The Data Transparency Coalition iPhone App is Here!

It is with great pleasure that the Data Transparency Coalition announces the release of the Coalition's first-ever organizational iPhone app.  In the app you will find event information including speakers, agenda and the ability to register for events!

You will also find a direct route to the latest blog and DTC news. Over the course of the next few weeks you will find more and more information on Coalition activities. Enable push notifications to be notified of the latest happenings.

Just one more way to keep up on the latest data transparency news! Get the new iPhone app here!

Financial Regulation Summit Around the Corner!
March 24 - Washington, D.C.

 

Outstanding Lineup of Speakers:
Rep. Darrell Issa, Dick Berner,
Rep. Carolyn Maloney, and Mark Flannery!

More Speakers Added Everyday!
 
The Financial Regulation Summit, presented by RR Donnelley, will bring together U.S. regulatory leaders, Congressional supporters of data transparency, regulated entities, and tech companies. The outstanding line up of speakers grows everyday and we were thrilled to add Rep. Darrell Issa to the Legislative Panel this week. He will be joining Rep. Hultgren (R-IL) and Rep. Maloney (D-NY) first thing in the morning.

Among the day's exciting panels and keynote addresses are:
  • the creator of Ohio's Online Checkbook, Ohio Treasurer Josh Mandel;
  • Mark Flannery, Chief Economist of the SEC;
  • Dick Berner, Director of the Office of Financial Research at the U.S. Treasury; and
  • Rick Fleming, the Investor Advocate at the SEC
Don't miss your chance to be part of the discussion! Get your tickets now!

 
Financial Regulation Summit: Data Transparency Transformation

When: Tuesday, March 24, 8 a.m.-6 p.m.

Where: Union Market, 1309 5th Street Northeast , Washington, DC 20002

*Registration for Coalition members and federal employees is complimentary.


#FinRegSummit


Would you like to volunteer? Let us know!
Register Now!
Transparency Caucus Briefing
Fixing FOIA: Reforming America’s Access to Information
 March 18th, 2:00 pm
Rayburn 2237
 
The House Transparency Caucus will be using their second briefing of the 114th Congress to focus on reforming the Freedom Of Information Act. Entitled  “Fixing FOIA: Reforming America’s Access to Information”, the Transparency Caucus will welcome a panel of speakers to discuss the challenges faced in bringing greater transparency to the federal government. 
 
Opening Remarks by
Congressman Mike Quigley & Congressman Darrell Issa
 
Panelists:
Rick Blum, Coordinator, Sunshine in the Government Initiative
 
Patrice McDermott, Director, OpenTheGovernment
 
Sean Vitka, Federal Policy Manager, Sunlight Foundation
 
To RSVP, click here

First Data Transparency Breakfast of 2015 Explores the Jungle of Entity Identifiers

Last week, the Coalition kicked off its Data Transparency Breakfast series for 2015. The series highlights current challenges and opportunities of data transparency for an expanding audience of policymakers and industry leaders. Coalition member Booz Allen Hamilton sponsored and hosted our first breakfast event of the year at their downtown Washington, D.C offices. Despite icy roads, school closings, and a two-hour delay on federal government operations, we were joined by a full audience representing Congressional offices, federal agencies, nonprofits, and the private sector.

The morning’s discussion focused on one of the most important challenges of the open data transformation – the need for the government to adopt consistent and nonproprietary identification codes for private-sector entities. Our five panelists are leading the two largest efforts toward the adoption of consistent entity identifiers: one in federal spending and the other relating to federal financial regulation.

Why common IDs matter now

Under the DATA Act, the Treasury Department and the White House Office of Management and Budget (OMB) will, for the first time, have the legal mandate to require the adoption of consistent identifiers for all the grantees, contractors, and others who receive federal funds. By May 9, 2015, with the establishment of government-wide data standards for federal spending, Treasury and OMB must decide whether to announce the establishment of a pathway towards a new nonproprietary identifier for recipients, or stick with the DUNS Number, the identifier that is currently used for most grantees and contractors.

The DUNS Number is proprietary – owned by a contractor, Dun & Bradstreet. Anyone seeking to use federal spending information must pay Dun & Bradstreet for a license. In recent weeks, former Fiscal Assistant Secretary Dick Gregg, the Association of Government Accountants, and the tech industry – including the Coalition – have all been calling for Treasury and OMB to announce a movement away from proprietary identifiers and establish a pathway to use a nonproprietary identifier for grantees and contractors instead.

The Legal Entity Identifier (LEI)

Separately from the DATA Act effort, the Treasury Office of Financial Research (OFR) is seeking to persuade all the U.S. financial regulatory entities to adopt a consistent identifier for the financial firms and public companies that must report under the securities, commodities, and banking laws.

Irina Leonova, a financial data expert and Banking Specialist at Better Markets, and Matt Reed, Chief Counsel at the OFR, started the program off with perspectives on the Legal Entity Identifier (LEI) and their participation in its global rollout.

Since 2010, the OFR has been working with financial regulators around the world to establish the Legal Entity Identifier (LEI) – a global standard for entity identification. The LEI is nonproprietary and built for interoperability. And it’s domain-agnostic, which means it’s just as easily used by a securities regulator as by a contracting office.

According to Matt Reed, simply put, the value of the LEI hinges on its ability to answer three basic questions:

  1. Who is who? LEIs uniquely identify entities.
  2. Who owns whom? LEIs show parent-child corporate relationships.
  3. Who owns what? LEIs attached to products show who owns what.
To read the full article, please go to the Data Transparency Coalition's new blog.
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Welcome the
Data Transparency Coalition's
Newest Member!
The Gov-PATH Solutions Team helps the financial and program management halves of federal agencies to meet budget formulation, budget execution and post-award accounting responsibilities from a single data source – the Gov-PATH Solution.
 
Gov-PATH was recently profiled by GovLoop as an innovative approach to integrating data, processes and people to save time throughout the federal business process. Read about how Gov-PATH helps management coordinate compliance and reporting demands here

Gov-PATH is built to meet legislative and executive requirements, including the DATA Act, by rolling accurate data up through agencies to demonstrate the impact of every program dollar from the time it is authorized and awarded until it is fully expended.
 
Gov-PATH empowers individuals with time saving project management tools that make accurate data accessible to teams. Pending action lists, milestone trackers and dashboard email alerts prevent schedule slips to ensure on-time awards. Gov-PATH coordinates invoicing, progress reports, and other recipient reporting so management retains a comprehensive financial and program performance record over time.
 
Gov-PATH adapts to an agency’s business process instead of requiring changes to it, using data analytics to illuminate trends and answer questions in real time. This customized approach allows the whole organization to work together to diagnose and address challenges.
 
The Gov-PATH Solutions team is looking forward to its role in supporting DATA Act implementation efforts as a member of the Data Coalition. More information about Gov-PATH can be found at www.gov-path.com.
Coalition Heads to the Canadian Capital!

Executive Director Hudson Hollister and Policy Associate Justin Duncan headed north last week to the Canadian capital of Ottawa. Hudson was invited by BackOffice Associates to speak to the Ottawa Chapters of the Data Management Association (DAMA), the Data Warehousing Institute (TDWI), and the Association of Enterprise Architects.

The packed house at KPMG in downtown Ottawa was extremely enthusiastic to hear about the passage and implementation of the DATA Act, and the future of data transparency in the United States and abroad.  Hudson delivered remarks on "How to Launch a Successful Open Data Initiative." 

During their time in the great white north, Hudson and Justin also met with key figures at the Treasury Board of Canada's office of Financial Management Transformation and the Canadian government's open data initiative to talk about furthering data standards and data publication - especially for spending.

The belief in the power of data transparency is strong for the Canadian government and the understanding of the usefulness for all levels of government and citizens is at the forefront. The Coalition looks forward to more opportunities for our organization and its members to work with the Canadian government.
 
More Data Transparency News


Members

Executive
Teradata Corporation
Workiva
PwC
Research Data Group
RR Donnelley

Partner
Booz Allen Hamilton
DataTracks
Socrata

Regular
Accenture Federal
Center for Organizational Effectiveness
Citizant
CGI Federal
Elder Research
Esri
Information Builders
IRIS Business Services
Level One Technologies
PR Newswire
Smartronix
StreamLink Software
uReveal
Xcential

Startup
3 Round Stones
CalcBench
Enigma
Govini
The Gov-PATH Solutions Team

Trade Association
Object Management Group 
XBRL US
 

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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