HR 5054 · 115th Congress · Finance and Financial Sector

Small Company Disclosure Simplification Act of 2018

Introduced 2018-02-15· Sponsored by Rep. Kustoff, David [R-TN-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 846.(2018-12-21)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5054, Small Company Disclosure Simplification Act of 2018

Dec 20, 2018

As ordered reported by the House Committee on Financial Services on June 7, 2018

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office