Workiva Inc. Applauds Bipartisan Introduction Of The Financial Data Transparency Act In The U.S. Senate [TheStreet.com]
Workiva Inc. Class A (WK)
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Source: TheStreet.com
( ) -, the company powering transparent reporting for a better world, today applauded Senator Mark Warner (D-VA) and Senator Mike Crapo (R-ID) for their introduction of the Financial Data Transparency Act ( ) in the 117th Congress. The Financial Data Transparency Act (FDTA) would direct eight major U.S. financial regulatory agencies to adopt uniform, machine-readable data standards for the information they are already required to collect from regulated entities. This proposal complements other legislative efforts to transform government data into open, smart, searchable, and downloadable formats without proprietary restrictions. "At a time when bipartisan support for issues is hard to come by, the Financial Data Transparency Act demonstrates that innovation and capital market efficiency are areas for agreement," said Workiva Inc. CEO Marty Vanderploeg. "With the technology available to our financial regulatory agencies today, this legislation is a game-changer, ensuring consistency
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