US Congress House Bill 1965 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on April 22 2015 - 25% progression, died in chamber
Action: 2016-01-28 - Placed on the Union Calendar, Calendar No. 302.
Text: Latest bill text (Introduced) [PDF]

Small Company Disclosure Simplification Act (Sec. 2) This bill exempts emerging growth companies and issuers with total annual gross revenues of less than $250 million from the requirement to use Extensible Business Reporting Language (XBRL) for financial statements and other mandatory periodic reporting filed with the Securities and Exchange Commission (SEC). Such companies, however, may elect to use XBRL for such reporting. (Sec. 3) The SEC shall: (1) analyze the costs and benefits to such issuers of the requirement 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
2016-01-28	House	Placed on the Union Calendar, Calendar No. 302.
2016-01-28	House	Reported by the Committee on Financial Services. H. Rept. 114-399.
2015-05-20	House	Ordered to be Reported by the Yeas and Nays: 44 - 11.
2015-05-20	House	Committee Consideration and Mark-up Session Held.
2015-04-29	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2015-04-22	House	Referred to the House Committee on Financial Services.
2015-04-22	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.
HB1912 (Related) 2015-04-21 - Referred to the House Committee on Financial Services.
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/1965/all-info
Text	https://www.congress.gov/114/bills/hr1965/BILLS-114hr1965ih.pdf
Text	https://www.congress.gov/114/bills/hr1965/BILLS-114hr1965rh.pdf