GFOA Submits Comments to SEC on FDTA

On October 21, 2024, GFOA submitted comments on the proposed rulemaking for the Financial Data Transparency Act (FDTA). GFOA submitted two comment letters to the U.S. Securities and Exchange Commission (SEC), one as an organization and one on behalf of the Public Finance Network (PFN). GFOA’s organizational comments focused on several key themes including the unfunded mandate the law poses and staying true to the law by minimizing disruption to the municipal market and requiring ongoing consultation with market participants. The PFN comment letter, which GFOA led, was on behalf of sixteen national organizations and focused on similar themes from a broader perspective. To see all comments submitted, click here.

GFOA will update members as the rulemaking process continues, please be sure to visit our FDTA Implementation Resources!