Thursday, January 30, 2014

DATA Act, Part 1b: OMB mark-ups


This past Monday, a version of the Digital Accountability and Transparency Act (DATA Act) that had been marked up by the White House Office of Management and Budget (OMB) was leaked. The proposed changes would remove key sections of the bill and undermine the goal of original DATA Act. The Data Transparency Coalition (DTC) website also provides an original copy of the bill.

Thursday, January 23, 2014

Digital Accountability and Transparency Act, Part 1

CompSci Resources, LLC

With new information coming out every day about the Digital Accountability and Transparency Act (DATA Act) it can be difficult to keep up with its details and current status. Here’s a recap.

What is the DATA Act?

The Digital Accountability and Transparency Act (DATA Act), a bill introduced to the House and Senate in 2013, calls for the U.S. government to use a common data format to report and publish their financial activities. One potential data format is eXtensible Business Reporting Language (XBRL), which is being used by public companies to file their yearly and quarterly financials with the U.S. Securities and Exchange Commission (SEC). Standardizing the government’s financials would lead to better transparency, more effective federal management, and cheaper compliance, according to the Data Transparency Coalition (DTC).

Thursday, January 9, 2014

The Challenge With Young Investors, Part 2

by: Michael Castro, XBRL Production Manager
CompSci Resources, LLC

In part 1 of this blog post, I outlined a number of challenges I felt fund managers faced when targeting young investors. In this installation, I quickly take a look at some of the solutions to this problem.