Andrew Michael Nathan/Flickr
Legislation requiring that the federal government establish common data standards and publish information related to federal spending at a central digital repository passed the House of Representatives by a unanimous vote on Monday, after previously passing the Senate on April 10. It will now head to President Obama’s desk to be signed into law.
The Digital Accountability and Transparency Act (S.944), or DATA Act, is aimed at establishing “government-wide financial data standards and increas[ing] the availability, accuracy, and usefulness of Federal spending information,” according to a House of Representatives summary of the bill.
The act requires that spending data for any funds made available to or expended by a federal agency be fully disclosed to the public. It also requires the financial data to be standardized.
Read 2 remaining paragraphs | Comments