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.
Posts Tagged: The Data Act
Transparency advocates scored another victory in recent weeks with the passage of the Digital Accountability and Transparency Act of 2013 by the U.S. Congress. The White House has already announced that the President Obama will sign the bill into law. This law builds on what has been occurring in the states for over a decade…. Read more »
Do you know where your money is being spent in the government? Now you will. Legislation mandating detailed reporting on federal spending passed the House Monday and is heading for President Obama’s signature. The Digital Accountability and Transparency Act —also called the DATA Act —would expand agency transparency requirements to include spending data for all… Read more »
For more coverage on the DATA Act, please be sure to listen to an interview Hudson Hollister, executive director of the Data Transparency Coalition on the DorobekINSIDER. Last week transparency activists got a big win, as the House of Representatives passed H.R. 2061, the Digital Accountability and Transparency Act of 2013 (DATA Act). The Senate… Read more »