Post by account_disabled on Mar 13, 2024 23:43:39 GMT -5
House members and Democrats both questioned why more wasn't done to test the concept that standardized data could be automated. Promise to submit new plan to Congress within days. Committee members understand why the data bill is important. Rep. Will Hurd is right about the need for the law. In fiscal year, the federal government spent $1 trillion. in America, approximately $100,000 was spent. Is the government spending money wisely? The unfortunate reality is that federal government spending data is stored in Disconnected and siled systems using a variety of unrelated formats make these questions difficult to answer.
Hurd, who helped run a cybersecurity company before running for Congress, understands this. The DATA Act would put spending information in a consistent format, which would bring federal spending across the board to scrutiny. Standardization does happen. The Treasury Department's assistant secretary for finance testified that the DATA bill would B2B Reviews Club change the way the government operates by revealing the day-to-day details of federal financial management. The committee submitted a proposal to the Treasury Department and the Office of Management and Budget The big question is why the two lead agencies have not yet finalized a government-wide format for federal spending data.
Both the Treasury Department and the Treasury Department have promised to make a final announcement within weeks. They kept their word. The Treasury released the final structure of the data bill on its federal spending transparency portal last May. Friday’s announcement also included specific instructions to agencies on how to create and upload standardized data files that comply with the Data Act Elements and the Data Act Framework. All federal agencies must begin reporting their spending information using these standards by 2020. During the hearing, Rep. Hurd pointedly asked Assistant Secretary for Finance Liebrick whether the agencies would meet the deadline.
Hurd, who helped run a cybersecurity company before running for Congress, understands this. The DATA Act would put spending information in a consistent format, which would bring federal spending across the board to scrutiny. Standardization does happen. The Treasury Department's assistant secretary for finance testified that the DATA bill would B2B Reviews Club change the way the government operates by revealing the day-to-day details of federal financial management. The committee submitted a proposal to the Treasury Department and the Office of Management and Budget The big question is why the two lead agencies have not yet finalized a government-wide format for federal spending data.
Both the Treasury Department and the Treasury Department have promised to make a final announcement within weeks. They kept their word. The Treasury released the final structure of the data bill on its federal spending transparency portal last May. Friday’s announcement also included specific instructions to agencies on how to create and upload standardized data files that comply with the Data Act Elements and the Data Act Framework. All federal agencies must begin reporting their spending information using these standards by 2020. During the hearing, Rep. Hurd pointedly asked Assistant Secretary for Finance Liebrick whether the agencies would meet the deadline.