The U.S. government shall adopt the Legal Entity Identifier (LEI) as the universal ID for business ethics

[alyciayozzi]

Topline Description

There are 110 examples of entity identification systems (such as the census and information on government contracts) using various distinct systems. Government should transition existing entity identification systems to the LEI.

Key Objective(s)

• Transparency for the public and investors into business identities and ownership, achieved through interoperable identification
• Efficiency for businesses in business to government and business to business interactions, achieved through interoperable identification
• More effective regulation, statistical analysis and procurement oversight by federal agencies, achieved through interoperable identification
• Replace existing fragmentary, specialized or proprietary entity identification systems with a universal, flexible and non proprietary entity identification system

Paragraph Description

For examples, please review paragraphs from past National Action Plan commitments (see https://open.usa.gov)

Measurable Metrics

• 2018 OMB shall issue a statement of government wide policy that the government intends to transition existing entity identification systems to the LEI
• 2018 OMB shall convene an Entity Identification Workgroup involving all agencies managing significant entity reporting regimes to prioritize entity reporting regimes for (1) initial mapping to the LEI and (2) ultimate conversion to the LEI
• 2020 Agencies shall adopt the LEI alongside or in place of their existing entity identification systems following guidance issued by OMB, advised by the Workgroup.
• 2020 The General Services Administration shall establish an entity identification system based on the LEI to assist other agencies