Before the Senate recessed on Friday, Senators Warner and Portman reintroduced the DATA Act, which would transform how the federal government makes financial information available to the public. Our friends at the Data Transparency Coalition and OMB Watch issued statements lauding the legislation. We agree.

While we’re still reviewing the many changes vis-a-vis the House-passed version, we thought it would be helpful to show how the bill would change current law. Accordingly, we’ve included a hand-crafted redline below, which shows the current law and how the bill would change it. We’ll have more to say soon.

Updated DATA Act Redline 2012-09-21