What is the main objective of the Digital Accountability and Transparency (DATA) Act of 2014?

The main objective of the Digital Accountability and Transparency (DATA) Act of 2014 is to promote the disclosure of federal expenditures. This legislation aims to improve the quality of federal spending data, ensuring that the public can access and understand where taxpayer money is going. The DATA Act establishes standards for financial data that federal agencies must adhere to, facilitates greater transparency in government operations, and aims to make federal spending more accountable to the public.

By promoting better disclosure, the act not only enhances transparency but also enables enhanced oversight by Congress and the public, ultimately fostering trust in government financial reporting. This focus on transparency is crucial to allowing citizens to scrutinize government spending and hold officials accountable for their financial decisions.