Small Company Disclosure Simplification Act

Summary

Small Company Disclosure Simplification Act Exempts emerging growth companies and issuers with total annual gross revenues of less than $250 million from the requirements to use Extensible Business Reporting Language (XBRL) for financial statements and other mandatory periodic reporting filed with the Securities and Exchange Commission (SEC). Allows such companies, however, to elect to use XBRL for such reporting. Directs the SEC to: (1) analyze the costs and benefits to such issuers of the requirements 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.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 28 January 2016

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• Reported in House (PDF)

  Reported in House · EN · 28 January 2016

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• Reported to House without amendment

  summary · EN · 28 January 2016

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• Introduced in House (text)

  Introduced in House · EN · 22 April 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 22 April 2015

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• Introduced in House

  summary · EN · 22 April 2015

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