Which legislation aims to improve reporting transparency of federal spending?

The DATA Act of 2014 is specifically designed to enhance the transparency of federal spending across government agencies. It mandates the establishment of a standardized format for federal financial data and requires agencies to make their spending information accessible to the public. The primary goal of the DATA Act is to ensure that federal expenditure data is more comprehensive and easier to understand, thereby fostering accountability and better decision-making.

This legislation requires agencies to report on both their financial and performance data, allowing for a clearer picture of how taxpayer money is being spent and the results of that spending. By implementing these requirements, the DATA Act not only aims to improve transparency but also seeks to reduce waste and inefficiency in federal programs.

The other options represent important aspects of governmental operations, but they do not have the same direct focus on the transparency of federal spending as the DATA Act does. For instance, the Government Performance and Results Act is more about performance measurement and accountability rather than specific financial reporting. The Federal Funding Accountability and Transparency Act does promote transparency by requiring the publication of information on federal spending, but it is the DATA Act that builds further upon those principles with stricter requirements and a more comprehensive framework. The Budget Control Act is primarily concerned with controlling federal budget deficits rather than improving reporting transparency.