Write a one page executive summary about the DATA Act with a focus on the following points:

• The drivers that led to it
• Who is intended by this legislation
• What are the possible implications
• What are the challenges government agencies might face?
• How can state and local governments make their financial statements more accessible, so that the public and other stakeholders can study trends and note the early sign of financial distress through analytical tools which have yet to be made available in this environment?