# 114-hr-1965: Small Company Disclosure Simplification Act

114-hr-1965, Small Company Disclosure Simplification Act, is a 114th Congress bill sponsored by Rep. Hurt, Robert [R-VA-5] (R-VA); status Placed on the Union Calendar, Calendar No. 302. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-1965
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-1965
- Congress: 114
- Title: Small Company Disclosure Simplification Act
- Status: Placed on the Union Calendar, Calendar No. 302.
- Introduced: 2015-04-22
- Sponsor: Rep. Hurt, Robert [R-VA-5] (R-VA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Related bills

- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-6088: Hospital Quality Rating Transparency Act of 2016
- 114-hr-5816: To suspend, and subsequently terminate, the admission of certain refugees, to examine the impact on the national security of the United States of admitting ref…
- 114-hr-5808: Comprehensive Regulatory Review Act of 2016
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5429: SEC Regulatory Accountability Act

## Sources
- [114-hr-1965 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/1965)

## Related
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-6088: Hospital Quality Rating Transparency Act of 2016](https://policyrisk.com/legislation/114-hr-6088)
- [114-hr-5816: To suspend, and subsequently terminate, the admission of certain refugees, to e…](https://policyrisk.com/legislation/114-hr-5816)
- [114-hr-5808: Comprehensive Regulatory Review Act of 2016](https://policyrisk.com/legislation/114-hr-5808)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5429: SEC Regulatory Accountability Act](https://policyrisk.com/legislation/114-hr-5429)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-1965 (as of 2025-11-18).