Financial reporting requirements imposed by the Digital Accountability and Transparency Act (DATA) could open up better communications between agencies and Congress, according to experts. […]
The White House Office of Management and Budget should drive structural reforms to make big data more accessible, according to Rep. Mick Mulvaney, R-S.C., nominee for President Donald Trump’s director of OMB.
Financial reporting experts advocated for the adoption of a standard business reporting method that would make it easier for businesses to both submit data to the government and use the government’s publicly available information.[…]
Industry leaders asked the House Committee on Financial Services in future legislative sessions to consider modernizing financial regulatory reporting within the government.[…]
Quick transitions of teams make for a relatively seamless administrative shift, according to Max Stier, president and chief executive officer of the Partnership for Public Service, which offers recommendations for capitalizing on the potential of open data, no matter who takes the Oval Office in January.[…]