Digital Accountability and Transparency Act (DATA) of 2014
(P.L. 113-101) (continued)
The Digital Accountability and Transparency Act (DATA) is the nation's first legislative mandate for data transparency in Federal spending.
The DATA Act amends the Federal Funding Accountability and Transparency Act (FFATA) of 2006 by adopting a number of requirements that complement existing work, including:
- Expansion of data posted on USAspending.gov
- Establishment of USAspending.gov data standards
- Recommendations for streamlined reporting
- Establishment of a data analysis center
OMB and Treasury will work with Federal agencies through the CFO Council, the Council on Financial Assistance Reform (COFAR), and other appropriate bodies to implement the Act's requirements and provide additional implementation guidance, ensuring our approach considers the realities of the funding environment and reflects how funds are currently tracked through the budget process and in agency financial systems.