Keeping Tabs on the DATA Act
I picked up some very interesting information about the DATA Act at last week’s NGP webcast.
According to Cornelia Chebinou (NGP co-chair and the director of NASACT’s Washington, DC office) The legislation that will eventually be debated on the full House floor will be significantly different than the measure that came out of the House committee. The House is using a “manager’s amendment” to make significant changes to the bill. There were few details on what the changes would be, but one thing that was mentioned was the fact that the bill will no longer repeal FFATA.
Also, bill sponsor Rep. Darrell Issa asked Majority Leader Rep. Eric Cantor to bring it to House floor as soon as possible once the amendment is done. The Senate has said it won’t act on the bill until it sees what comes out of the House.
So we might have a case of wait, wait, wait, and then some very swift action.
Just as a reminder, the DATA Act in its current form would require all recipients of grants, loans and contracts (with some exceptions for small-dollar recipients), as well as federal agencies to provide transaction information about those awards at least quarterly. A new Federal Accountability and Spending Transparency Board would set the standards for the data and would compile, analyze and publish the information.