No Summer Vacation for Effort to Improve Federal Financial Transparency: President Obama Signs Executive Order 13576 and the House and Senate Introduce Competing Versions of the DATA Act


In the past month, both President Barack Obama and Congress have attempted to accelerate efforts to prevent and identify fraud and abuse in government spending.

First, in a move that builds upon the focus on transparency ushered in by the American Recovery and Reinvestment Act of 2009, President Obama signed Executive Order 13576, "Delivering an Efficient, Effective, and Accountable Government," June 13, 2011. The order establishes the Government Accountability and Transparency Board (Board), which will be composed of 11 members designated by the President and which will work in consultation with the Director of the Office of Management and Budget. The order also requires that the Board work with the Recovery Accountability and Transparency Board (RATB) to apply the approaches developed by the RATB across government spending and to recommend within six months how the many systems that support the collection and display of government spending data can be integrated.

Further, on the same day and in a complementary effort, House Oversight and Government Reform Committee Chairman Darryl Issa, R-California, and others introduced H.R. 2146, the Digital Accountability and Transparency Act of 2011 (DATA Act). The DATA Act was approved by the Committee with modifications on June 22, 2011. The DATA Act establishes yet another new board named the Federal Accountability and Spending Transparency Board (FAST Board), and requires each person or state, local, or tribal government that receives federal appropriated funds, either directly or as a subcontractor or subgrantee, to report at least once quarterly each receipt and use of such funds to the FAST Board. The DATA Act also requires, with some exceptions, that each executive agency report all federal obligations and expenditures to the FAST Board. Additionally, the DATA Act obligates the FAST Board to establish one or more websites for the publication of all information submitted by recipients and agencies to serve as a public portal for federal financial information.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

Written by:


Reed Smith on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.