Tresury

THE DATA ACT: Unfunded Mandate or Core Requirement?

Posted by on Dec 19, 2014 in DATA Act, Federal Financial Management, Financial Management, Financial Systems, Tresury | 0 comments

On May 9, 2014, President Obama signed the DATA Act. The purpose is to improve the accuracy, timeliness and accessibility of Federal spending so that the public is better informed and better decisions can be made by policy makers. The DATA Act is very broad in scope basically encompassing all Federal spending with some exceptions for national security. It also requires that data standards be developed and enforced and data be reported at very detailed levels. Spending data will be accessible to the public and policy makers on an existing Federal website, USASpending.gov. Treasury and OMB are...

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