The House of Representatives passed legislation that includes an exemption for 60percent of all public panies from the Securities and Exchange mission requirement to submit interactive financial statement data using XBRL.

H.R.37,titled “Promoting Job Creation and Rcing Small Business Burdens Act,”represents a “major setback”to the transparency of data in financial regulation,says Hudson Hollister,executive director of the Data Transparency alition,an advocate for more ernment use of digital data.“The primary purpose of the SEC is to oversee our capital markets to promote fair dealing and the disclosure of important market information,and to prevent fraud,”he said in a statement.“The House of Representatives just approved a measure that will make that job harder.”

Rep.Robert Hurt’s Small pany Disclosure Simplification Act,which is included in the H.R.37package,ntends smaller public panies are unfairly burdened by the XBRL requirement,so it exempts issuers with revenues below $250million from filing their financial statements in XBRL.The SEC told ngress such an exemption would eliminate more than half of public pany financial data from the repository of interactive financial statement data that is growing because of XBRL.

As ngress approved the exemption,the American Institute of Certified Public Acuntants and XBRL US revealed their survey findings that show nearly three-fourths of the smallest public panies pay less than $10,000to provide interactive financial statement data to the SEC through XBRL.In a survey of 14XBRL filing agents who provide XBRL tagging and filing services to one-third of all public panies with revenues below $75million,XBRL US and the AICPA learned that 69percent of those smallest panies paid $10,000or less annually to outsource the creation and filing of their financial statements in XBRL.

The survey says fewer than 20percent of those smaller panies paid between $10,000and $20,000,and only 8percent paid more than $25,000.The largest number of panies in the survey,more than 200,paid between $4,000and $6,000for their XBRL services.

In discussing the results with vendors,ACIPA and XBRL US said they learned that panies paying higher annual fees typically had more plex financial statements and rush charges associated with last-minute changes to the filing.“Some service providers add additional services like reviews,or rush charges,”says Campbell Pryde,president and CEO of XBRL US.“In addition depending on the industry some filings can be more time nsuming.”A real estate investment trust with a lot of properties can double the level of tagging,he says,as can a development stage enterprise that has to report every issuance since starting.

中文新闻：美国众议院通过XBRL豁免提案