NSDC recently cosigned a letter with multiple organizations representing over 100,000 stakeholders expressing concerns, including fiscal impacts.  GFOA recently estimated for over 50,000 issuers that cost of compliance to the proposed FDTA is $1.5 billion, and in California alone, a "compliance cost to counties may exceed $20m". (Bond Buyer Oct 23, 2024)

We have attached a link to the proposed rule (https://www.fdic.gov/system/files/2024-07/fr-npr-on-financial-data-transparency-act.pdf).