Last night, the US Senate unanimously passed the Digital Accountability and Transparency Act (DATA Act) which requires government-wide data standards for spending. As a member of the Data Transparency Coalition -- the trade association that advocates for data reform in the US government -- OMG is thrilled (and I personally as well, as a member of the Coalition's Advisory Board) that the United States is joining many other countries beginning to make their agencies' financial transactions easily available to their people. The bill will now return to the House of Representatives which it is expected to swiftly pass before making its way to President Obama's desk.
In addition to requiring the Treasury Department and the White House to establish government-wide data standards for federal spending information, the DATA Act will require all standardized data to be published online. By transforming federal spending from disconnected documents into open data, the DATA Act will create a new public resource for citizens, government managers, and recipients of federal funds.
OMG applauds the hard work of all those involved in the passage of the DATA Act, in particular the Data Transparency Coalition and the main Senate sponsors, Sen. Mark Warner (D-VA) and Sen. Rob Portman (R-OH). We stand ready -- alongside other standards organizations -- to develop and support the standards that will help make the US federal government more transparent.
Click here to learn more about the work on semantic data standards that the OMG Financial Services Domain Task Force is currently working on.