search

opendatainitiative / opendatalegislation

To make good policy permanent, the policy must be made into a law
https://opendatainitiative.github.io/legislation
Other
4 stars 2 forks source link

XBRL can be part of legislation standard #6

Closed sarob closed 1 year ago

sarob commented 6 years ago

XBRL can be part of legislation standard for DataOhio board standards implementation. It should be neutral to include OKI frictionless financial data package standard.

sarob commented 6 years ago

Sunlight Foundation has been writing to the Municipal Securities Rulemaking Board (MSRB). Where is the intersection of GASB responsibilities and MSRB?

https://sunlightfoundation.com/2014/04/28/asking-for-top-level-changes-to-help-boost-local-financial-transparency/ https://sunlightfoundation.com/2014/02/05/a-case-of-incomplete-reforms-leaving-improved-disclosures-locked-up/

joffemd commented 6 years ago

Much of this was at my instigation. MSRB could implement XBRL reporting of CAFRs but has not done so. GASB has a project page for what it calls “Electronic Financial Reporting” but hasn’t kept it updated.

From: sean roberts [mailto:notifications@github.com] Sent: Sunday, February 25, 2018 2:17 PM To: opendatainitiative/opendatalegislation opendatalegislation@noreply.github.com Cc: Marc Joffe marc@publicsectorcredit.org; Assign assign@noreply.github.com Subject: Re: [opendatainitiative/opendatalegislation] XBRL can be part of legislation standard (#6)

Sunlight Foundation has been writing to the Municipal Securities Rulemaking Board (MSRB). Where is the intersection of GASB responsibilities and MSRB?

https://sunlightfoundation.com/2014/04/28/asking-for-top-level-changes-to-help-boost-local-financial-transparency/ https://sunlightfoundation.com/2014/02/05/a-case-of-incomplete-reforms-leaving-improved-disclosures-locked-up/

— You are receiving this because you were assigned. Reply to this email directly, view it on GitHubhttps://github.com/opendatainitiative/opendatalegislation/issues/6#issuecomment-368350251, or mute the threadhttps://github.com/notifications/unsubscribe-auth/ABfhRYxIyP6K1kvxWXYCuvwPNOaijTsCks5tYdvWgaJpZM4SM49P.

sarob commented 6 years ago

We can use marc's post as content to add to the project https://www.linkedin.com/pulse/florida-legislature-votes-migrate-local-government-cafrs-marc-joffe/

sarob commented 6 years ago

Posted by Christian to the 12 March 2018 ODI Advisory Council meeting. HR 5054, XBRL filing for corporations, SEC requires filing in XBRL, this bill would limit XBRL filing to public companies $250M plus - https://www.congress.gov/bill/115th-congress/house-bill/5054 Backstory blog - https://www.datacoalition.org/house-financial-services-committee-approves-anti-open-data-proposal-again/ Data Foundation paper on XBRL filings at the SEC - https://www.datafoundation.org/xbrl-report-2017/

sarob commented 6 years ago

Additional bits on the Florida Municipal CAFR XBRL Bill. It is landmark as it is the first state legislation to codify a reporting standard. HR1073 passed house, senate. Build XBRL taxonomy, for XBRL CAFRs, implementation 2022. It basically slipped through the legislature with little debate because the Florida Chief Financial Officer’s office supported it. This effort was kicked off by the CEO of a startup in the Data Coalition, Rachel Carpenter of Intrinio. I drafted the original version of the language and handled back-and-forth with the sponsor. http://www.flsenate.gov/Session/Bill/2018/01073

sarob commented 6 years ago

HR1073 passed house, senate, signed in late march $500K appropriation, money available 2019, july 2018 out to vendors for requests Marc working with USF on prototype for St. Petersburg, intent to make it available before July 2019 to help Florida with vendor selection

joffemd commented 6 years ago

Money available on July 1, 2018 (which is the start of 2019 fiscal year). Goal is to finish prototype by July 1, 2018.

joffemd commented 6 years ago

For more see: https://reason.org/commentary/florida-passes-first-in-the-nation-data-reporting-standards-to-improve-local-government-financial-transparency/

sarob commented 6 years ago

Ah right thanks for the correction.

~ sean

On Mon, Apr 9, 2018 at 9:19 AM, Marc Joffe notifications@github.com wrote:

Money available on July 1, 2018 (which is the start of 2019 fiscal year). Goal is to finish prototype by July 1, 2018.

— You are receiving this because you were assigned. Reply to this email directly, view it on GitHub https://github.com/opendatainitiative/opendatalegislation/issues/6#issuecomment-379809487, or mute the thread https://github.com/notifications/unsubscribe-auth/ABIwOm41y4EfTs2-991PYiTTZrkwqvSTks5tm4orgaJpZM4SM49P .