The Digital Accountability and Transparency Act of 2014, or DATA Act, requires the U.S. federal government to transform its spending information into open data.
President Barack Obama signed the DATA Act (Public Law No. 113-101 official text) into law on May 9, 2014. The Data Coalition had campaigned for the passage of the DATA Act ever since its founding in 2012. The DATA Act was structured as an amendment to a previous law, the Federal Funding Accountability and Transparency Act of 2006 (Public Law No. 109-282 official text).
The DATA Act took two basic steps. First, it required the Treasury Department and the White House Office of Management and Budget (OMB) to establish government-wide data standards for the spending information that agencies report to Treasury, OMB, and the General Services Administration (GSA).
Second, Treasury and OMB must publish this standardized spending data for free access and download.