On March 29, 2012, the Obama administration announced the “Big Data Research and Development Initiative” to make the most of the quickly growing amount of digital data in the Federal government. Six Federal departments and agencies announced more than $200 million in new commitments to programs that are dedicated to harnessing the power of big data to kick off the initiative.
In May 2013, the Office of Management and Budget released this memorandum requiring agencies to comply with data collection and management standards that encourage transparency, accessibility, and interoperability.
President Obama signed P.L. 113-101, known as the DATA Act, on May 9, 2014. The DATA Act requires that Federal spending information be standardized and published online.