DATA Act: Monitoring Implementation Progress

PURPOSE:

• To examine the Administration’s efforts to implement the DATA Act.
• To discuss actions taken by the Office of Management and Budget (OMB) and the U.S. Department of Treasury (Treasury) to respond to prior Government Accountability Office and Treasury Inspector General recommendations.

BACKGROUND:

• The DATA Act modernizes federal spending data by requiring agencies to report detailed, program level financial data in a data standard.
• The DATA Act directs OMB and Treasury to co-lead implementation efforts.
• While OMB and Treasury have made progress in implementing the law, concerns about completeness, timeliness, and effectiveness of these efforts have been raised.