The DATA Act requires the Treasury Department and the White House Office of Management (OMB) and Budget to establish government-wide data standards for federal spending. On May 8, Treasury and OMB announced an initial set of data elements and the first phase of a schema. The schema ultimately will specify how all 57 data elements relate to one another. But the May 8 version only covered a small proportion of the elements.
DATA Act implementation took a major step on July 31 when Treasury released a newly expanded, version of the schema, Version 0.5. The newly-expanded version is here.
The expanded schema does not yet cover all of the DATA Act data elements, but notably covers both financial and award data for the first time.