H.R. 5054
IntroducedSmall Company Disclosure Simplification Act of 2018
Latest Action
Placed on the Union Calendar, Calendar No. 846.
12/21/2018 • House
Summary
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.
Introduced in House • 2/15/2018
Topics & Subjects
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Bill Journey
Originated in the House
Introduced
February 15, 2018
Committee Review
June 7, 2018
Ordered to be Reported by the Yeas and Nays: 32 - 23.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law