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August 13, 2015
Data Transparency News
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The latest:
  • Proposed Pay-for-Performance Rules Signal Latest SEC Movement Toward Open Data
  • Financial Transparency Act Gains Cosponsors!
  • NEW Financial Transparency Act Infograhic 
  • Expanded DATA Act Schema Released

Proposed Pay-for-Performance Rules Signal Latest SEC Movement Toward Open Data

At the end of April, the Securities and Exchange Commission (SEC) proposed rules that would require most public companies to disclose the relationship between executive pay and their financial performance in an open data format. A proposal currently being considered before Congress, the Financial Transparency Act, will ensure the SEC and the 7 other major U.S. financial regulatory agencies make the information they already collect from industry available online as open data. Read more in the latest Data Coalition blog post

Financial Transparency Act Gains Cosponsors, Infographic!

The Financial Transparency Act, HR 2477, picked up 9 new House cosponsors after its initial May 20 introduction. The Financial Transparency Act requires all 8 U.S. financial regulators to adopt consistent data formats for all the information they collect under existing laws.
 
The Coalition today is publishing its first infographic demonstrating the Financial Transparency Act's drive for transformation. To view the infographic chick here

Expanded DATA Act Schema Released

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.

California Data Demo Day on August 26: California will take a huge step toward technological transformation with the enactment of Senate Bill 573. Join us at the California State Capitol, Sacramento for a Data Demo Day.
Washington's Largest-Ever Open Data Gathering on September 23: Data Transparency 2015, the Coalition's third annual open data policy conference, will gather hundreds of federal and industry leaders at the JW Marriott Washington on Wednesday, September 23. We will cover all of the Coalition's policy areas, with tracks to address federal spending, financial services, and law/regulation. More detail can be found here.


See you there! 
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The (Hidden) Cost of Open Data
Speed Up Efforts to Standardize Spending Data, Watchdog Tells Agencies
White House Tech Consulting Team Fights for Funding
OMB tells agencies to take electronic invoicing out of the ‘stone age’
Cultural challenges slow federal open data efforts
Boston, San Francisco expand open data policies.

 

Members


Executive
Teradata Corporation
Workiva
PwC
Research Data Group
RR Donnelley


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StreamLink Software


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Global IDs
Grant Thornton
Information Builders
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PR Newswire
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Xcential


Startup
3 Round Stones
BCL Technologies
Calcbench
Enigma
Ez-XBRL
FindTheBest
Govini
Gov-PATH Solutions
Posiba


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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