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
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
Plain-English 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.
What's happening now
Placed on the Union Calendar, Calendar No. 846.
Committees of jurisdiction
1