H.R.1912 / 114th Congress

Small Company Disclosure Simplification Act

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Apr 21, 2015

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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People & committees

Who introduced it

Rep. Hurt, Robert [R-VA-5] · R–VA

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Apr 21, 2015
Referred to the House Committee on Financial Services.
Apr 21, 2015
Introduced in House
Apr 21, 2015
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Apr 21, 2015 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.1912 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.1912, 114th Congress: Small Company Disclosure Simplification Act

Official record: https://www.congress.gov/bill/114th-congress/house-bill/1912

Text version to examine: Introduced in House · 2015-04-21.

Official full text: https://www.congress.gov/114/bills/hr1912/BILLS-114hr1912ih.htm

Imported record last updated by the source: 2025-08-12T14:14:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.1912 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.1912 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.1912, 114th Congress: Small Company Disclosure Simplification Act

Official record: https://www.congress.gov/bill/114th-congress/house-bill/1912

Text version to examine: Introduced in House · 2015-04-21.

Official full text: https://www.congress.gov/114/bills/hr1912/BILLS-114hr1912ih.htm

Imported record last updated by the source: 2025-08-12T14:14:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1912 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.1912 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.1912, 114th Congress: Small Company Disclosure Simplification Act

Official record: https://www.congress.gov/bill/114th-congress/house-bill/1912

Text version to examine: Introduced in House · 2015-04-21.

Official full text: https://www.congress.gov/114/bills/hr1912/BILLS-114hr1912ih.htm

Imported record last updated by the source: 2025-08-12T14:14:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1912 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.1912 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.1912, 114th Congress: Small Company Disclosure Simplification Act

Official record: https://www.congress.gov/bill/114th-congress/house-bill/1912

Text version to examine: Introduced in House · 2015-04-21.

Official full text: https://www.congress.gov/114/bills/hr1912/BILLS-114hr1912ih.htm

Imported record last updated by the source: 2025-08-12T14:14:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1912 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.