,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dafd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #f1 #bjad ,mr4   
,hurt 7= himself & ,ms4 ,sewell (       
,alabama7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to exempt small]  
public companies f requirem5ts relat+ to
 ! use ( ,ext5sible ,bus9ess ,report+   
,language = p]iodic report+ to !        
,securities & ,ex*ange ,commission1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,small ,company        
,disclosure ,simplification ,act4  #b4  
,exemption f ,,xbrl requirem5ts = em]g+ 
gr[? companies & o!r small] companies   
7a7 ,exemption = em]g+ gr[? companies   
,em]g+ gr[? companies are exempt$ f !   
requirem5ts to use ,ext5sible ,bus9ess  
,report+ ,language 7,,xbrl7 = f9ancial  
/atem5ts & o!r p]iodic report+ requir$  
to be fil$ ) ! ,commission "u !         
securities laws4 ,su* companies may     
elect to use ,,xbrl = su* report+4  7b7 
,exemption = o!r small] companies       

,issu]s ) total annual gross rev5ues (  
less ?an #bej1jjj1jjj are exempt f !    
requirem5ts to use ,,xbrl = f9ancial    
/atem5ts & o!r p]iodic report+ requir$  
to be fil$ ) ! ,commission "u !         
securities laws4 ,su* issu]s may elect  
to use ,,xbrl = su* report+4 ,an        
exemption "u ?is subsection %all cont9ue
 9 effect until ! lat] (--  7#a7 ! date 
t is five ye>s aft] ! date ( enactm5t ( 
?is ,act2 or  7#b7 a det]m9ation by !   
,commission1 by ord] aft] conduct+ !    
analysis requir$ by section #c1 t !     
b5efits ( su* requirem5ts to su* issu]s 
outweigh ! co/s4  7c7 ,modifications to 
regulations ,n lat] ?an #fj days aft] ! 
date ( enactm5t ( ?is ,act1 !           
,commission %all revise its regulations 
"u p>ts #bbi1 #bcj1 #bcb1 #bci1 #bdj1 & 
#bdi ( title #ag1 ,code ( ,f$]al        
,regulations1 to reflect ! exemptions   
set =? 9 subsections 7a7 & 7b74  #c4    
,analysis by ! ,,sec ,! ,commission %all
 conduct an analysis ( ! co/s & b5efits 
to issu]s describ$ 9 section #b7;b7 ( ! 

requirem5ts to use ,,xbrl = f9ancial    
/atem5ts & o!r p]iodic report+ requir$  
to be fil$ ) ! ,commission "u !         
securities laws4 ,su* analysis %all     
include an assessm5t (--  7#a7 h[ su*   
co/s & b5efits may diff] f ! co/s &     
b5efits id5tifi$ by ! ,commission 9 !   
ord] relat+ to int]active data to       
improve f9ancial report+ 7dat$ ,janu>y  
#cj1 #bjji2 #gd ,f$4 ,reg4 #fggf7       
because ( ! size ( su* issu]s2  7#b7 !  
effects on effici5cy1 competition1      
capital =mation1 & f9anc+ & on analy/   
cov]age ( su* issu]s 7includ+ any su*   
effects result+ f use ( ,,xbrl by       
inve/ors72 &  7#c7 ! co/s to su* issu]s 
(--  7,a7 submitt+ data to ! ,commission
 9 ,,xbrl2  7,b7 po/+ data on ! website 
( ! issu] 9 ,,xbrl2  7,c7 s(tw>e        
necess>y to prep>e1 submit1 or po/ data 
9 ,,xbrl2 &  7,d7 any additional        
consult+ s]vices or fil+ ag5t s]vices4  
#d4 ,report to ,congress ,n lat] ?an "o 
ye> aft] ! date ( enactm5t ( ?is ,act1 !
 ,commission %all provide ! ,committee  

on ,f9ancial ,s]vices ( ! ,h\se (       
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate a report reg>d+--  7#a7 !        
progress 9 implem5t+ ,,xbrl report+ )9 !
 ,commission2  7#b7 ! use ( ,,xbrl data 
by ,commission (ficials2  7#c7 ! use (  
,,xbrl data by inve/ors2  7#d7 ! results
 ( ! analysis requir$ by section #c2 &  
7#e7 any additional in=mation !         
,commission consid]s relevant = increas+
 transp>5cy1 decreas+ co/s1 & increas+  
effici5cy ( regulatory fil+s ) !        
,commission4  #e4 ,def9itions ,z us$ 9  
?is ,act1 ! t]ms ,commission1 em]g+ gr[?
 company1 issu]1 & securities laws h !  
mean+s giv5 su* t]ms 9 section #c ( !   
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c74