Early Adopters Demonstrate How Local Governments Can Prepare for the FDTA

The Financial Data Transparency Act (FDTA) continues to evolve, with the SEC working on new data standards that will reshape how local governments report financial information. While full compliance isn’t expected until 2027, local leaders can start laying the groundwork now. The earlier governments begin to understand these requirements, the better equipped they’ll be to navigate the transition.

Our issue brief, "Early Adopters Demonstrate How to Prepare for the FDTA Even as SEC Requirements Continue to Evolve" highlights how proactive municipalities are positioning themselves for success. This timely supplement to the FDTA Playbook provides updates on the Proposed Joint Rule issued this summer, offering valuable insights on how the SEC’s evolving standards impact local government reporting.

What’s inside the brief?

• An overview of the FDTA and its implications for local governments
• A look at the Proposed Joint Rule including insights on collections of information, identifiers, and data standards
• Key insights from early adopters embracing data transparency and technology
• Guidance on how to effectively engage with the SEC's public comment process to help shape the final rule