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In this issue:
  • Couldn't Make DT2014? The videos are here!
  • New Blog from the DTC: The Senate Forecast for H.R. 5405
  • GovLoop hosted an hour-long discussion on open data with DTC's Hudson Hollister
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DT 2014 Videos Are Here!

At Data Transparency 2014 two weeks ago, nearly 500 supporters gathered to explore the open data transformation. If you missed the fantastic presentations at DT 2014 or just want to refresh your memory on the information, there is good news - the videos are here!  As DT News subscribers, you are getting the earliest opportunity to access the videos.

Will Senate Restrict Open Data in Financial Regulation? H.R. 5405 Would Raise Barrier to Modernization

 
The U.S. federal government is slowly transforming its information from disconnected documents into open data. Our Coalition scored its first major legislative victory earlier this year with the passage of the DATA Act, the nation’s first open data law. On May 9, 2014, after Representative Darrell Issa and Senator Mark Warner successfully marched the bill through a gridlocked Congress, President Obama signed it into law. The DATA Act is a mandate for the government to adopt comprehensive data standards for all of its spending information and to publish that information online.
 
Spending is a great start. But other areas of the federal government’s information need transformation, too. And financial regulation should be next.
 
U.S. financial regulators have yet to adopt comprehensive data standards for the information they collect under the securities laws, the commodities laws, and the Banking Act. If they standardized this information, and made the public portions of it available online—investors could make better decisions, enforcers could deploy analytics to find the next Enron, and early-stage companies could access capital more cheaply.
 
Comprehensive, searchable data on smaller companies would enable analysts to cover and recommend them more cheaply. Without open data in financial regulation, buyers are less likely to invest.

Read the rest of the blog here.

OPENING UP ABOUT OPEN DATA

DTC Executive Director, Hudson Hollister, joined Chris Dorobek on the Dorobek Insider for an hour-long discussion on the path of open data in the federal government. Joining Hudson as a panelist was Brian Gryth, Senior Product Manager at Accela for CivicData.com.
 
To catch the full content, follow this link to GovLoop for the Dorobek Insider.
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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.
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