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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Reported to House

Small Company Disclosure Simplification Act of 2018

Short Titles as Introduced

Small Company Disclosure Simplification Act of 2018

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To provide an exemption for emerging growth companies and other smaller companies from the requirements to use Extensible Business Reporting Language (XBRL) for financial statements and other periodic reporting, and for other purposes.


Actions Overview (2)

Date Actions Overview
12/21/2018Reported by the Committee on Financial Services. H. Rept. 115-1094.
02/15/2018Introduced in House

All Actions (6)

Date All Actions
12/21/2018Placed on the Union Calendar, Calendar No. 846.
Action By: House of Representatives
12/21/2018Reported by the Committee on Financial Services. H. Rept. 115-1094.
06/07/2018Ordered to be Reported by the Yeas and Nays: 32 - 23.
Action By: Committee on Financial Services
06/07/2018Committee Consideration and Mark-up Session Held.
Action By: Committee on Financial Services
02/15/2018Referred to the House Committee on Financial Services.
Action By: House of Representatives
02/15/2018Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services02/15/2018 Referred to
06/07/2018 Markup by
12/21/2018 Reported by H. Rept. 115-1094

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Subjects (5)


Latest Summary (1)

There is one summary for H.R.5054. View summaries

Shown Here:
Introduced in House (02/15/2018)

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.