History
PERC was initially founded as the Information Policy Institute in 2002 in New York City. It first entered national prominence through its involvement in the reauthorization of the Fair Credit Reporting Act in 2003. PERC produced Access, Efficiency, and Opportunity for the U.S. Chamber of Commerce. This report was the most cited document during the Congressional debate on credit that resulted in the adoption of all of PERC's policy prescriptions. In 2004, PERC helped to rationalize the free credit provisions of the FACT Act. PERC's research assisted in the reopening of financial data sharing in Australia and led to a Parliamentary inquiry into credit reporting. In August 2008, the Australian Law Reform Commission advocated that Australia follow many of PERC's recommendations.
In 2006, PERC published Give Credit Where Credit Is Due with The Brookings Institution, helping to reignite interest in the idea of alternative data. PERC remains very active in the field through its Alternative Data Initiative. PERC also has a long-running interest in the economic recovery of the Gulf Coast after Hurricane Katrina. PERC has released a number of surveys and reports on small business recovery in the region. PERC has released studies for the governments of South Africa, Brazil, Japan, and several Latin American markets as a whole.
In September, 2009, Dr. Michael Turner was selected to be a fellow at Ashoka: Innovators for the Public, which solidified Ashoka's support for PERC's Alternative Data Initiative.
Read more about this topic: Political And Economic Research Council
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