- To examine the Department of the Treasury’s and the Office of Management and Budget’s (OMB) efforts to implement the Digital Accountability and Transparency Act (DATA Act).
- Enacted on May 9, 2014, the DATA Act modernizes federal spending data by requiring agencies to report detailed, program level financial data in a data standard.
- Within a year of enactment, the Administration was required to:
- Establish government-wide data standards;
- Publish guidance to agencies on how to report financial data using those standards; and
- Establish a pilot program to evaluate and develop recommendations to streamline recipient reporting for all federal awards.
- The DATA Act also authorizes Treasury to establish a data analytics center, and transfer all assets that support the operations and activities of the Recovery Accountability and Transparency Board’s Recovery Operations Center (ROC).
- To exercise this authority and preserve the analytic capabilities of the ROC, Treasury would need to complete the transfer before the ROC terminates on September 30, 2015.
- It remains unclear the extent to which Treasury plans to transfer the ROC assets or establish a data analytics center.
Witnesses and testimonies
|Gene L. Dodaro||Comptroller General of the United States||U.S. Government Accountability Office||Document|
|David Mader||Controller||Office Of Federal Financial Management, The Office of Management and Budget||Document|
|David A Lebryk||Fiscal Assistant Secretary||U.S. Department of the Treasury||Document|
|Robert A. Taylor||Deputy Assistant Inspector General for Audit||U.S. Department of Treasury||Document|