Items tagged with "government"

Newsletter for the Reporting Standard of Business and Government

December, 2021 2022 promises to be an exciting year for the XBRL community with new structured data programs coming online from U.S. based public utilities reporting to the Federal Energy Regulatory Commission (FERC), European and UK companies filing through the European Securities Markets Authority (ESMA), and local Florida government entities reporting in XBRL to the […more]


MSRB Request for Input on ESG Practices in the Municipal Securities Market

The Municipal Securities Rulemaking Board (MSRB) published a Request for Information on Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market. The Board seeks input on how best to enhance issuer protection, investor protection, and the overall fairness and efficiency of the municipal securities market in relation to: (1) the disclosure of information […more]


University of Michigan Partners with Flint, MI on XBRL Reporting Program

The University of Michigan announced a partnership with the city of Flint, MI, on a fiscal reporting pilot program to improve transparency and governance. The pilot centers on developing digitized data standards to represent the Annual Comprehensive Financial Report (ACFR), and will build on the XBRL Taxonomy developed by the XBRL US Standard Government Reporting […more]


November 2021 Newsletter

November, 2021 SEC Commissioner Caroline A. Crenshaw addressed “The Lessons of Structured Data” in her speech at the November 10 XBRL US Investor Forum: Data that Delivers, noting “…XBRL requirements [have] allowed EDGAR to provide machine-readable data that have improved transparency in a number of ways… XBRL has enabled automatic processing and analysis by software […more]


XBRL US Comments on RFI on Behalf of CDO Council

XBRL US provided feedback to the Request for Information on Behalf of the Chief Data Officers (CDO) Council, which was published by the Office of Shared Solutions and Performance Improvement (OSSPI).  The CDO Council has 5 statutory purposes: 1) establish Governmentwide best practice for the use, protection, dissemination, and generation of data; 2) promote and […more]


XBRL US Comments on Environmental Protection Agency Strategic Plan

XBRL US responded to the Environmental Protection Agency Request for Comment on their Strategic Plan 2022-2026. Recommendations made by XBRL US centered on the third of the EPA key principles, “follow the science, follow the law, and be transparent“. The EPA collects a vast amount of data in its work to support seven strategic goals. As […more]


October, 2021 Newsletter

October, 2021 New speakers added to the XBRL US Investor Forum: Data that Delivers. Experts from William Blair Investment Management, Sustainability Accounting Standards Board (SASB), Moody’s Investor Service, and more have joined the speaker lineup at this year’s half-day forum. Keynote speakers at the 2021 event include SEC Commissioner Caroline A. Crenshaw, and Leslie Seidman, […more]


Financial Transparency Act (FTA – H.R. 2989) Passes House by Vote of 400-19

On October 25, the U.S. House of Representatives passed the Financial Transparency Act (FTA – H.R. 2989) by a vote of 400-19. Big thanks goes to the Data Coalition and many of our members who worked tirelessly to move this legislation forward. This is an important bill that has broad implications for expanding structured data […more]


September, 2021 Newsletter

The Federal Government and individual agencies are rapidly recognizing the value of structured data. Recent legislation and regulatory actions show the increasing call to treat data as a strategic asset and embrace standardization to safeguard decision-useful data. Congressional Budget Justification Transparency Act of 2021 Signed by President – Requires Agencies to Post Budget Materials in […more]


Congressional Budget Justification Transparency Act 2021

On September 24, 2021, President Biden signed the Congressional Budget Justification Transparency Act of 2021 which requires federal agencies to publicly post budget justification materials on a website. These materials are funding requests submitted to Congress that outline the funds needed to meet program goals, and include detailed financial (funding) information and textual justification information. […more]