U.S. Congress - H.R.2392 Government Information Transparency Act
H.R.2392 - Government Information Transparency Act
To improve the effectiveness of the Government's collection, analysis, and dissemination of business information by using modern interactive data technologies. view all titles (3)
All Bill Titles
- Short: Government Information Transparency Act as introduced.
- Official: To improve the effectiveness of the Government's collection, analysis, and dissemination of business information by using modern interactive data technologies. as introduced.
- Short: Government Information Transparency Act as reported to house.
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Official Summary
7/30/2009--Reported to House amended. Government Information Transparency Act - Requires the Director of the Office of Management and Budget (OMB) to adopt a single data standard for: (1) collection, analysis, and dissemination of business and financial information for use by private sectoOfficial Summary
7/30/2009--Reported to House amended. Government Information Transparency Act - Requires the Director of the Office of Management and Budget (OMB) to adopt a single data standard for:(1) collection, analysis, and dissemination of business and financial information for use by private sector entities in accordance with this Act for information required to be reported to the federal government; and
(2) use by agencies for federal financial information. Requires the standard to:
(1) be common across all agencies;
(2) be a widely accepted, open source, nonproprietary, searchable, computer-readable format for business and financial data;
(3) be consistent with and implement U.S. generally accepted accounting principles for federal financial accounting standards, industry best practices, and federal regulatory requirements;
(4) improve the transparency, consistency, and usability of business and financial information; and
(5) be capable of being continually upgraded. Requires the Director:
(1) within 180 days, to issue guidance to agencies on the use and implementation of the single data standard for information required to be reported to agencies by the private sector;
(2) within one year, to develop the single data standard required for use by federal agencies for federal financial information; and
(3) within 18 months, to issue guidance to agencies on the use and implementation of the single data standard. Directs each agency head to ensure that information collected using the single data standard is accessible to the general public. Requires the Director, within one year, to submit to the House Committee on Oversight and Government Reform and the Senate Committee on Homeland Security and Government Affairs a report on the status of the implementation of this Act.
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Recent News Coverage
Today on the Hill
...Oversight and Government Reform (10 a.m.): Meets to markup H.R.1345, the "District of Columbia Hatch Act Reform Act of 2009; H.R.2392, the "Government Information Transparency Act"; and the "Government Accountability Office Improvement Act of 2009." 215
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Darrell Issa, R-Calif., the ranking member on the House Oversight and Government Reform Committee, introduced legislation, HR 2392, to standardize federal ...
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The Government Information Transparency Act (H.R. 2392) will require federal agencies to collect their data in a uniform, searchable format using XBRL thereby simplifying mandatory financial reporting for companies that receive federal ...
H.R. 2392 [110th]: Balancing Act of 2007 (GovTrack.us)
16 May 2007
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