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HR 5054 115th Congress House Finance and Financial Sector Employment and training programs Government information and archives Poverty and welfare assistance State and local government operations

Small Company Disclosure Simplification Act of 2018

Introduced: February 15, 2018 Introduced by: Kustoff, David Republican · Tennessee See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 21, 2018
Placed on the Union Calendar, Calendar No. 846.
Dec 21, 2018
Reported by the Committee on Financial Services. H. Rept. 115-1094.
Jun 7, 2018
Ordered to be Reported by the Yeas and Nays: 32 - 23.
Jun 7, 2018
Committee Consideration and Mark-up Session Held.
Feb 15, 2018
Referred to the House Committee on Financial Services.
Feb 15, 2018
Introduced in House
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 Plain-English summary Congressional Research Service

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's happening now December 21, 2018

Placed on the Union Calendar, Calendar No. 846.

 Related & companion bills 1
  • HR 10 Related bill Financial CHOICE Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5054: Small Company Disclosure Simplification Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-5054/
MLA
"H.R. 5054: Small Company Disclosure Simplification Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-5054/.
Bluebook (legal)
H.R. 5054, 115th Cong. (2026), https://openamerica.io/bill/115-HR-5054/.
Markdown link
[H.R. 5054: Small Company Disclosure Simplification Act of 2018](https://openamerica.io/bill/115-HR-5054/)
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