The Open (Open, Public, Electronic and Necessary) Government Data Act passed. The goal of the bill is to improve data portability, openness, and transparency without specifying certain formats or technology. It defines open data, creates minimal standards for making federal government data available to the public, requires the federal government to use open data to […more]
Items tagged with "government"
November/December 2018 Regulatory and Legislative News SEC Publishes List of Rules to be Reviewed Including XBRL Requirement Rules SEC Posts Draft EDGAR Manual, Effective December 17, 2018 SEC Staff Finds IFRS Filings Have Higher Custom Tag Rates Than US GAAP Filings SEC Proposes Rule on Variable Annuity Referencing Inline XBR SEC Commissioner Kara Stein Speech […more]
Attend this one-hour session to learn how financial data standards can improve the efficiency of state and local government data processing.
On October 5, Marc Joffe of the Reason Foundation published an article on Financial Reporting Standards Can Foster Municipal Market Disruption in the Financial Revolutionist. Below is an excerpt from the article: “While fintech start-ups are disrupting many financial markets, the US municipal bond market has been largely left behind. As a result, the $3.9-trillion muni […more]
The Securities and Exchange Commission proposed a rule on Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities. The Commission is looking for comment on this proposal within 60 days of October 2, 2018, the date of publication of the proposal in the Federal Register. The proposal […more]
Axios Advisors’ Triet Nguyen published an article on how financial data standards can impact municipal reporting: The “stodgy” municipal market is on the verge of a Big Data revolution, driven by rising support for adoption of iXBRL, a machine-readable financial reporting standard, and an increasing need for ESG-related data. Read the full article.
The U.S. House of Representatives passed the Grants Reporting Efficiency and Agreements Transparency (GREAT) Act (H.R. 4887). A Senate version (S. 3834), introduced by Senators James Lankford (OK) and Michael Enzi (WY), was passed by the Senate Homeland Security and Governmental Affairs Committee.
On September 27, 2018, SEC Commissioner Kara Stein gave a speech at Georgia State University School of Law titled “From the Data Rush to the Data Wars: A Data Revolution in Financial Markets” which focused on the importance of data and technology. Below is an excerpt from the speech. “Slowly but surely, the Commission is […more]
XBRL US submitted a comment letter to the Financial Stability Board, in response to their Thematic Peer Review on Implementation of the Legal Entity Identifier (LEI). Feedback from stakeholders was invited to gauge awareness and implementation, as well as challenges and impediments to adoption of the LEI around the world. According to the Global LEI […more]
XBRL US comments on Government Effectiveness Advanced Research (GEAR) Center, a proposed public/private partnership, “re-imagining possibilities for how citizens interact with the Government; rethinking the delivery of citizen services and data; reforming core processes.”