What is a key feature of the DATA Act 2014?

The DATA Act of 2014 primarily focuses on improving the transparency and accountability of federal spending. A key feature of the act is its promotion of uniformity in the reporting of federal spending data. This is achieved by establishing standardized data definitions and a framework for the reporting of financial information across various federal agencies. By creating a consistent approach to data reporting, the DATA Act facilitates better tracking and analysis of how taxpayer dollars are spent.

This uniformity helps to increase public confidence in government spending and ensures that data is more accessible and understandable to both policymakers and the public. As a result, stakeholders can utilize this information to make more informed decisions and enhance oversight of federal funds, thereby ultimately contributing to an increase in government accountability.