Small Company Disclosure Simplification Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 15, 2018)
Small Company Disclosure Simplification Act of 2018
This bill exempts from requirements to use Extensible Business Reporting Language (XBRL) for Securities and Exchange Commission (SEC) filings: (1) emerging growth companies (in general, newly public companies with revenues below a specified threshold); and (2) on a temporary basis, certain other smaller companies.
The SEC must conduct an analysis of the costs and benefits of XBRL requirements with respect to such companies.
The SEC must report to Congress on the results of its analysis and other specified issues related to XBRL usage.
What just happenedDec 21, 2018
Placed on the Union Calendar, Calendar No. 846.
Who’s behind it
- Reported in HouseDec 21, 2018
- Introduced in HouseFeb 15, 2018
- Dec 21, 2018CalendarsH12410
Placed on the Union Calendar, Calendar No. 846.
- Dec 21, 2018CommitteeH12200
Reported by the Committee on Financial Services. H. Rept. 115-1094.
Financial Services Committee - Dec 21, 2018Committee5000
Reported by the Committee on Financial Services. H. Rept. 115-1094.
Financial Services Committee - Jun 7, 2018Committee
Ordered to be Reported by the Yeas and Nays: 32 - 23.
Financial Services Committee - Jun 7, 2018Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Feb 15, 2018IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Feb 15, 2018IntroReferralIntro-H
Introduced in House
- Feb 15, 2018IntroReferral1000
Introduced in House