Which act was enacted to allow taxpayers to track federal spending with greater efficacy?

The DATA Act of 2014 is key to improving transparency and accountability in federal spending. This legislation requires federal agencies to publish agency spending data in a standardized format, making it easier for taxpayers and oversight bodies to track how federal funds are allocated and spent. The act aims to enhance the visibility of federal expenditures through comprehensive reporting that includes both financial and performance data.

This initiative builds upon previous transparency efforts, such as the Federal Funding Accountability and Transparency Act (FFATA), which focused primarily on information related to federal awards. However, the DATA Act expands on this foundation by providing a more robust and detailed framework for tracking all federal spending activities.

The other options mentioned relate to financial responsibility or transparency initiatives, but the DATA Act specifically facilitates a structured approach for taxpayers to monitor and understand federal spending patterns more effectively. This is crucial for fostering public trust and ensuring government accountability in the management of taxpayer dollars.