We are very pleased to report that the US House of Representatives has passed the Financial Transparency Act (FTA) by 400-19.
In May 2021, the Financial Transparency Act (FTA) was reintroduced to the 117th United States Congress. This bill, if passed, would direct all eight major US financial regulatory agencies to implement consistent data standards for the information they collect from filers under existing securities, commodities and banking laws.
The Financial Transparency Act (FTA) was reintroduced into US Congress this week, potentially paving the way for a significant advance in data standards that would benefit the business community and regulators alike. The bipartisan bill, which has long been supported by the Data Coalition, and our colleagues at XBRL US, aims to introduce a number of […]
New RegTech legislation would oblige US regulators to use common standards, common definitions and common identifiers. Information would be made available as part of government Open Data efforts.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
