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Audit ReportOIG22007 GULF COAST RESTORATIONDATA Act: Council Met DATA Act Reporting Requirements, but Improvements Are Needed November 3, 2021Office of Inspector GeneralDepartment of the TreasuryThis
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What is data act?
The DATA Act is a federal law that requires transparency and accountability in federal spending by making information on spending data standardized and accessible to the public.
Who is required to file data act?
All federal agencies and certain entities that receive federal funds, such as contractors and grantees, are required to file data act.
How to fill out data act?
Entities required to file the DATA Act must report spending data using standardized data elements and formats specified by the Office of Management and Budget.
What is the purpose of data act?
The purpose of the DATA Act is to increase transparency, improve accountability, and reduce improper spending in federal agencies.
What information must be reported on data act?
Entities filing the DATA Act must report detailed information on federal spending, including obligations, expenditures, and other financial data.
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