^®: CRE Regulatory Action of the Week

OMB Solicits Comment on Proposed Statistical Policy Directive
Under the Budget and Accounting Procedures Act, and the Paperwork Reduction Act, the U.S. Office of Management and Budget has issued for public comment a proposed new Statistical Policy Directive. This proposed Directive is intended to ensure the integrity, objectivity, impartiality, utility, and confidentiality of information collected by Federal statistical agencies and recognized statistical units during the design, collection, processing, editing, compilation, analysis, release, and dissemination of statistical information.

OMB's Federal Register notice explains that the Information Quality Act requires OMB, as well as all other Federal agencies, to maximize the objectivity, utility, and integrity of information, including statistical information, provided to the public. To operate efficiently and effectively, the U.S. relies on the flow of objective, credible statistics to support the decisions of governments, businesses, individuals, households, and other organizations. To support the quality and objectivity of Federal statistical information, OMB is issuing for comment the proposed new Statistical Policy Directive.

Comments on the proposed new Statistical Policy Directive must be received no later than July 21, 2014.