Maloney & McHenry Introduce Bipartisan Financial Transparency Act

"The Financial Transparency Act (FTA) would require eight major U.S. financial regulatory agencies to adopt uniform, machine-readable data standards for the information they collect from regulated entities. This proposal complements other legislative efforts to transform government data into open, searchable and downloadable formats without proprietary restrictions.

“The Financial Transparency Act is really about innovation and efficiency,” said Marty Vanderploeg, CEO of Workiva. “This common-sense legislation will ensure that all of the major financial regulatory agencies are consistent in how they align their requirements and compliance with our digital economy.”"

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