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TAP-CR SEC's EDGAR Database (fwd)
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TAP-INFO Internet Distribution List

Taxpayer Assets Project CROWN JEWELS CAMPAIGN - EDGAR October 21, 1993

Announcement Expected Soon Regarding Pilot Project to Put SEC's EDGAR database on Internet

Perhaps as early as friday, Congressman Ed Markey (D-MA) is expected to announce that the NSF will fund a pilot project to place the EDGAR database on the Internet. The new initiative was broadly hinted at earlier this week at a meeting of the Information Industry Association (IIA), when speakers talked about an announcement this week that a "major government" database would be placed on the Internet for public access.

Mead Data Central, the firm which holds the SEC contract to manage the EDGAR database, and which has been fighting citizen efforts to broad public access to this valuable public database, appeared to be surprised about reports that EDGAR would soon be available to the Internet community. One Mead lobbyist told TAP that while he was familiar with a pending NSF proposal to disseminate EDGAR over the Internet, he assumed that no action had been taken, and that Mead thought that they would have had advance information about the NSF pilot from the SEC, if it was true. Apparently, the fix wasn't in after all.

Tap-info will report further details of the EDGAR on the Internet proposal next week. On a related mater, the SEC is conducting discussions with GPO about dissemination of EDGAR filings on CD-ROM. Earlier the SEC said it would agree to provide the CD-ROM products only to federal depository libraries. Now, the SEC staff seems to be conceding that it is politically difficult to justify publishing a CD-ROM product that is only to available at selected libraries, without giving the public an opportunity to purchase the CD-ROM. jamie love <love@essential.org; 215/658-0880>
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