United States of America: Introduction of Financial Data Transparency Act of 2022
Description
Introduction of Financial Data Transparency Act of 2022
On 24 May 2022, the Financial Data Transparency Act of 2022 (Bill 4295) was introduced in the US Senate. The bill seeks to promote the development of regulatory technologies and artificial intelligence applications by enhancing transparency in financial data reporting, which is to be electronically searchable. The bill thus aims to build a comprehensive standard business reporting programme, harmonising regulation and improving transparency and accountability.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
legislature
Government Body
parliament