3.0.0 1912 2023-01-11T13:27:39Z 2023-01-11T13:27:39Z House HR 2015-04-21 114 [Congressional Record Volume 161, Number 58 (Tuesday, April 21, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HURT of Virginia:H.R. 1912.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the U.S. Constitution[Page H2355]]]> hsba00 Financial Services Committee House Standing Referred to 2015-04-21T16:03:30Z Small Company Disclosure Simplification Act 114 1965 HR 2016-01-28 Placed on the Union Calendar, Calendar No. 302. Related bill CRS Promoting Job Creation and Reducing Small Business Burdens Act 114 37 HR 2015-01-16 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Capital Markets Improvement Act of 2016 114 1675 HR 2016-02-04 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2015-04-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-04-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-04-21 Introduced in House IntroReferral 1000 9 Library of Congress H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 N Finance and Financial Sector Administrative law and regulatory procedures Business investment and capital Business records Competition and antitrust Congressional oversight Corporate finance and management Financial services and investments Government studies and investigations Securities Securities and Exchange Commission (SEC) Small business Finance and Financial Sector 00 2015-04-21 Introduced in House 2015-04-28T21:16:13Z Small Company Disclosure Simplification Act

Exempts emerging growth companies and issuers with total annual gross revenues of less than $250 million from the requirements to use Extensible Business Reporting Language (XBRL) for financial statements and other mandatory periodic reporting filed with the Securities and Exchange Commission (SEC). Allows such companies, however, to elect to use XBRL for such reporting.

Directs the SEC to: (1) analyze the costs and benefits to such issuers of the requirements to use XBRL for financial statements and other mandatory periodic reporting; and (2) report to certain congressional committees on the results of such analysis as well as on progress in implementing XBRL reporting within the SEC, and use of XBRL data by the SEC and by investors.

]]> Small Company Disclosure Simplification Act Display Title Small Company Disclosure Simplification Act Official Title as Introduced To exempt smaller public companies from requirements relating to the use of Extensible Business Reporting Language for periodic reporting to the Securities and Exchange Commission, and for other purposes. Introduced in House IH Short Titles as Introduced Small Company Disclosure Simplification Act Introduced in House 2015-04-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1912ih/xml/BILLS-114hr1912ih.xml 2015-04-21 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.