Open Data

House Oversight Committee Shows Us What’s Ahead for DATA Act

On April 13, key Congressional oversight leaders gathered to check on the health of the DATA Act. Their prognosis? Good, but not out of the woods yet. The joint oversight hearing brought officials from the White House Office of Management and Budget (OMB), the Treasury Department, the Department of Health and Human Services (HHS), and… Read more »

How the Financial Transparency Act will Bring Open Data to Financial Regulation

The proposed Financial Transparency Act brings about a lot of questions. How exactly will it transform financial regulation? The video below explains how: Most financial regulatory agencies still use outdated document-based formats, instead of standardized, open data, to collect information from the financial industry. The Financial Transparency Act (H.R. 2477), introduced by Rep. Darrell Issa and… Read more »

What the Legal Entity Identifier Means for Financial Regulation and Open Data

Currently, there is no electronic way to aggregate all the information that a company reports to the government — even if the information is publicly available. But the rise of legal entity identifiers (LEI) could change that and transform financial regulation for the U.S. government and around the world.