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Hearing Hearing Date: July 29, 2015 1:00 pm 2154 Rayburn

DATA Act Implementation

Subject
DATA Act Implementation
Date
July 29, 2015
Time
1:00 pm
Place
2154 Rayburn

PURPOSE:

  • 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).

 

BACKGROUND:

  • 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

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