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Financial Data Transparency Act: Easier Access to Financial Information

This act aims to simplify access to financial data by introducing unified digital standards for information reported to regulatory agencies. This will allow citizens and businesses to analyze data more easily, increasing transparency and accountability in the financial sector. The act does not introduce new reporting requirements, but rather changes how existing data is presented.
Key points
All public financial data will be available in a digital, searchable, and downloadable format, making it easier for citizens and investors to analyze.
Financial agencies like the SEC and FDIC will be required to use common data standards, improving the quality and consistency of information.
The act aims to reduce regulatory burdens for companies by harmonizing reporting, while enhancing transparency and accountability.
Smaller companies and regulated entities may see scaled data reporting requirements to reduce unjustified burdens.
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Expired
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Additional Information
Print number: 117_S_4295
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2022-05-24
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Financial Data Transparency Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4295.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-24.

What are the main provisions?

Key points include:

  • All public financial data will be available in a digital, searchable, and downloadable format, making it easier for citizens and investors to analyze.
  • Financial agencies like the SEC and FDIC will be required to use common data standards, improving the quality and consistency of information.
  • The act aims to reduce regulatory burdens for companies by harmonizing reporting, while enhancing transparency and accountability.
  • Smaller companies and regulated entities may see scaled data reporting requirements to reduce unjustified burdens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warner, Mark R. [D-VA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Informatization