Copy
December 2, 2016
Data Coalition News
View this email in your browser
The latest:
  • Hudson Testifies Before Joint House Subcommittees 
  • Inspectors General Evaluate Their Agencies: Spotty Progress on DATA Act
  • SEC Signals Structured Data for Corporate Filing Cover Pages
  • Mark Your Calendar: DATA Act Hearing, Wednesday, December 8th!

Hudson Testifies Before Joint House Subcommittees 

Yesterday, Data Coalition Executive Director Hudson Hollister testified before a joint legislative hearing of the House Oversight and Government Reform Subcommittees on Government Operations and Health Care, Benefits, and Administrative Rules. The hearing was titled “Restoring the Power of the Purse: Legislative Options”.

The hearing explored legislative options for Congress to gain visibility and exercise oversight of funds collected by agencies outside the appropriations process. These include fines, fees, and settlement collections. In his testimony, Hollister told the Subcommittees that the first step in achieving full federal spending transparency was taken by Congress when it unanimously passed the DATA Act in 2014 (P.L. 113-101). 

Concluding his testimony, Hollister recommended that Congress could further improve visibility by expanding the DATA Act to explicitly cover non-appropriated receipts, checkbook-level payments, and other information that is not currently part of the information model.

Watch the full hearing and view all testimonies here

Inspectors General Evaluate Their Agencies: Spotty Progress on DATA Act

The Digital Accountability and Transparency Act of 2014 (DATA Act) requires every federal agency to begin reporting its spending information using a standardized data structure, starting in May 2017. This is a major change: for the first time, federal spending information will be available as a single, searchable data set, rather than a mishmash of disconnected documents and incompatible databases.

The law requires every agency’s office of inspector general (OIG) to evaluate and report on its agency’s progress. We have compiled the OIG reports that are publicly available for the larger federal agencies. While some offices have not submitted their reports, we will continue to monitor the release of these reviews and update our blog, accordingly.

Department of Agriculture 
Report has not been published: https://www.usda.gov/oig/rptsaudits2016.htm

Department of CommerceDeputy IG David Smith, September 30, 2016

Conclusion of Review: “Due to the Department’s legacy information systems and need to use existing funding resources, providing reliable and consistent agency program information and meeting the goals of the DATA Act will be a significant challenge.” (Page 4) https://www.oig.doc.gov/OIGPublications/OIG-16-049.pdf

Continue reading the Coalition's latest blog post here

SEC Signals Structured Data for Corporate Filing Cover Pages

Last week the Securities and Exchange Commission (SEC) issued its long-awaited staff report on the modernization and simplification of Regulation S-K, as required by the Fixing America's Surface Transportation Act of 2016 (FAST Act). With our members' input, the Data Coalition filed an extensive comment letter on this project last July, calling on the agency to expand the use of structured data to cover more corporate disclosures than just the financial statements.

We're excited that in last week's report, the SEC's staff agrees with us. The report recommends, on pages 21-22, that the Commission expand structured data tagging to include all the materials on the cover pages of the main corporate periodic and episodic filings: Forms 10-K, 10-Q, 8-K, 20-F, and 40-F. Structured data tagging would be mandatory. The report cites our comment letter (at footnote 90) for the proposition that structured data would "enhance the ability of investors to identify, count, sort, and analyze registrants and disclosures."

If the Commissioners take this step, it will be the first time structured data has been expanded within the periodic corporate filings since 2009. We'll be working to make sure the Commission acts on this recommendation.

Read and download the full report here

UPCOMING EVENTS!

Standard Business Reporting Breakfast Panel, Wednesday, December 7th: The Data Coalition and PwC Public Sector will host the final breakfast panel of the year. PwC partner Bill Hughes will lead a panel of experts who will explore the potential for the U.S federal government to embrace Standard Business Reporting as Australia and the Netherlands already have
Register here!

Speakers: Jeff GowdyPresident, J. Gowdy Consulting; Rick OtisFormer Deputy Assistant administrator, Office of Environmental Information, Environmental Protection Agency; Michal PiechockiFounder and CEO, Business Reporting Group; Oliver SherouseResearch Analyst, Program for Economic Research on Regulation, Mercatus Center, George Mason University; Chris TaggartBoard Member, Global LEI Foundation; Joe KullDirector, PwC and Board of Directors, Data Coalition; Hudson HollisterData Coalition; and Bill HughesPartner, PwC (moderator)

When: 7:30 am – 9:00 am, Wednesday, December 7th, 2016 
Where: PwC, 1730 Pennsylvania Avenue NW, Washington, D.C, 20006

DATA Act Hearing, Thursday, December 8th: The House Oversight and Government Reform Subcommittee on Government Operations will hold a hearing titled "DATA Act Implementation Check-in". 

When: 9:00 am, Thursday, December 8th, 2016
Where: Rayburn House Office Building, Room 2154
Facebook
Facebook
Twitter
Twitter
Data Coalition lays out 2017 policy priorities
IG: Challenges remain in GSA's DATA Act implementation

Data Coalition Members


Executive
Workiva
PwC
Research Data Group
Donnelley Financial Solutions


Partner
Booz Allen Hamilton
DataTracks
data.world
OpenGov
MorganFranklin Consulting
Socrata
StreamLink Software


Regular
BackOffice Associates
Center for Organizational Excellence
CGI Federal
CohnReznick
Elder Research
Esri
Experian
Fujitsu
Global IDs
Grant Thornton
IBM
Information Builders
LexisNexis
Merrill Corporation
NewGen
PR Newswire
Tableau
Xcential


Startup
BCL Technologies
cBEYONData
FiscalNote
Gov-PATH Solutions
idaciti
OpenDataSoft
Vintun LLC
Zenius Corporation


Trade Association
Object Management Group 
XBRL-US

 

About Us

The Data Coalition advocates on behalf of the private sector and the public interest for the publication of government information as standardized, open data.
Tweet
Forward
Share
Copyright © 2016 Data Coalition, All rights reserved.


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp