The House passed legislation sponsored by Rep. Darrell Issa, R-Calif., requiring agencies to submit detailed, standardized spending data. (Mark Wilson / Getty Images)
The House passed legislation Monday requiring agencies to submit detailed, standardized spending data.
The DATA Act is an important piece of legislation. It will create the opportunity for government to be more efficient, more effective, and more transparent, said House Oversight and Government Reform Committee Chairman and bill sponsor Darrell Issa, R-Calif.
The DATA Act would also require:
■ OMB to review agency financial reporting and to consolidate the data to reduce duplicative reporting.
■ The inspectors general at each agency to report every two years on the completeness and quality of the spending data.
■ The Recovery Accountability and Transparency Board to develop and test IT projects and programs to increase the transparency of the data and make it more easily available to the public.