ADCMS Digital Ecosystem for Treasury

A Timely Convergence — Join IFD as a Supporter in Responding to Treasury's GENIUS Act Request for Comments and FHWA ADCMS Reopening

The Infrastructure Financial Data (IFD) Working Group invites trade associations, professional societies, infrastructure owners, capital market participants, technology providers, standards organizations, academia, and public-sector stakeholders to join a collaborative response to the recent requests for comment issued by the U.S. Treasury and the U.S. Department of Transportation's Advanced Digital Construction Management Systems (ADCMS) program.

• Treasury Seeks Public Comment on GENIUS Act Proposed Rulemaking
• DOT Federal Highway Administration - Notice to reopen the ADCMS grant program

The convergence of these two federal actions is a rare, concrete opening to align capital markets infrastructure with the built environment, the exact synergy IFD was formed to advance.

We are preparing a joint comment/response effort to both dockets and invite your organization as a stakeholder, trade association, or working group to join IFD as a named supporter.

Our Position

Next-generation infrastructure will succeed only through a digital ecosystem that treats infrastructure holistically and communities as a whole, moving beyond today's silos toward the interconnected digital ecosystems of tomorrow.

Government-wide data interoperability, as outlined in the GAO report, strengthens the transparency, interoperability, and auditability of infrastructure financial data for the private sector and capital markets. Enabling trusted digital records, standardized reporting, transparency, accountability, and scalable ecosystems free of proprietary lock-in and legacy-platform dependency.

Synergizing XBRL (financial data) with buildingSMART IFC (physical data), under ISO recognition, creates a robust, interoperable combination of data elements that meets stakeholder quality needs and the high-integrity data demands of AI, without proprietary systems or disrupting legacy platforms.

Without open standards delivering the digital functionality today's environment requires, proprietary systems will fill the void, creating barriers to innovation that will be extremely difficult to dislodge later.

Two Action Items 

Action Item 1: T-List Modernization

Add the Legal Entity Identifier (LEI) and a surety URL for digital verification and communication, transitioning the current T-List PDF to a cloud-based, actionable digital resource without proprietary systems or legacy-platform dependency. Projected to save millions of dollars and thousands of hours industry-wide.

Action Item 2: DOT AFP Modernization

Transition DOT's current "Application for Payment" (AFP) PDF in the cloud to a digital, standardized XBRL format, producing high-integrity data that serves multiple functions and creates a foundation for importing/exporting AFP data across market segments — prime and subcontractor, public or private, local or international.

How To Join

Treasury's GENIUS Act rulemaking comment period and USDOT's ADCMS submission window are both open now, with submission due September 16, 2026

A narrow but real window to have infrastructure finance and digital construction management voices heard together, not in separate silos.

Join the working group by emailing Dixon Wright at dixon@srcdis.com

US National Science Foundation 

   Industry–University Cooperative Research Center (IUCRC)

      Digital Twin Research, Innovation & Collaboration Hub (DT-RICH). 

         George Mason University, Virginia Tech and Harvard

By joining as a supporter, your organization will:

• Be named in IFD's joint response to Treasury and DOT Federal Highway Administration
• Help ensure the built environment and capital markets communities speak with one aligned voice