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September 22, 2015
Data Transparency News
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The latest:
  • Breakfast Recap: One Agency Already Reaping DATA Act Benefit, Others' Data Systems Still "Wild West"
  • Federal Energy Regulatory Commission Proposes Nation's First Use of LEI Outside Financial Regulation
  • VIDEO: Post-breakfast interview with Tim Gribben

Breakfast Recap: One Agency Already Reaping DATA Act Benefit, Others' Data Systems Still "Wild West"

Tuesday morning’s Data Transparency Breakfast introduced a standing room only crowd at PwC to front-line DATA Act implementers and provided a glimpse of the first-ever DATA Act visualization platform from a federal agency.

Tim Gribben, deputy CFO at the Small Business Administration, explained how after his agency “did the DATA Act” the SBA suddenly had new insight into its own grants system. Working with the Treasury Department and the GSA’s 18F team, Gribben matched the SBA’s spending information – sourced from financial and award systems – to the new, government-wide data standards that Treasury and the White House established earlier this year. Once standardized, all the information could be visualized as one picture.

Gribben noted, “The DATA Act data visualization tool was the real eye opener for me.” He said that the visualization platform was what really changed his mind on the DATA Act—from being “just another compliance exercise” to a transformative change that will significantly improve agencies ability to manage themselves.

Read more in the latest Data Coalition blog post here.

Federal Energy Regulatory Commission Proposes Nation's First Use of LEI Outside Financial Regulation

Federal agencies use a hodgepodge of incompatible data fields to identify the companies and other entities that report to them. This jungle of entity identifiers makes life difficult - and expensive -  for anyone who uses business information. Investors, watchdogs, government, and the companies themselves must manually match public data filed by the same company with different regulators, or pay for services to do it.
 
Fortunately, there's hope. The international, nonproprietary Legal Entity Identifier (LEI) could bring together business information from across the federal government - if agencies decide to start using it to identify companies that report to them. If federal agencies switch from their current incompatible identifiers to the LEI, it will become possible to automatically match all the information a company files with different regulators.
 
In 2013, the Commodity Futures Trading Commission (CFTC) became the first agency to require companies to obtain an LEI and use the LEI to identify themselves. Other financial regulators have since followed suit.
 
The federal government took another step toward a fully-connected in September. The Federal Energy Regulatory Commission proposed a new rule that, if finalized, will require certain types of energy companies to disclose their LEI, if they have already obtained one from a different regulator. In other words, under this proposed rule, if an energy company (or a subsidiary) has already started using an LEI to report to the CFTC, or another agency - it must also use that same LEI in its reports to the FERC.
 
The FERC is the first non-financial agency to consider joining the LEI network. The Coalition hopes the rule will be approved and the universe of seamless business information - identifiable across agency stovepipes - will continue to grow.

VIDEO: Post-breakfast interview with Tim Gribben

October 26-28: 2015 Socrata Customer Summit

This year’s Socrata Customer Summit will bring together over 500 government technology practitioners and innovators to have open and honest conversations about the future of digital government. For more information click here

Note: Federal employees are invited to take advantage of complimentary registration!

November 19: Tableau Government Summit: The Power of Data Analytics

Tableau's second annual complimentary 2015 Government Summit is an opportunity to hear from experts and thought-leaders across Federal and State Government organizations who are tapping into the power of data analytics. Throughout the day you'll have the opportunity to network with peers, connect with speakers, and network with Tableau representatives. To register click here.
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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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