US Congress House Bill 1912 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on April 21 2015 - 25% progression, died in committee
Action: 2015-04-21 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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

Rep. Robert Hurt [R-VA]

Date	Chamber	Action
2015-04-21	House	Referred to the House Committee on Financial Services.
2015-04-21	House	Introduced in House

HB37 (Related) 2015-01-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB1965 (Related) 2016-01-28 - Placed on the Union Calendar, Calendar No. 302.
HB1675 (Related) 2016-02-04 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/1912/all-info
Text	https://www.congress.gov/114/bills/hr1912/BILLS-114hr1912ih.pdf