On March 11, 2009, XBRL US testified before the Domestic Policy Subcommittee of the House of Representatives on how XBRL can be part of the solution to today's financial crisis. The hearing, on the Treasury Department's oversight of the use of funds by financial institutions under the Troubled Asset Relief Program (TARP), addressed data collection procedures to monitor the use of funds and the ability of the Treasury to detect and prevent waste and misuse of funds. Prepared remarks given by Mark Bolgiano, President and CEO, XBRL US, described how XBRL can be used to provide comparable reporting on the existing pool of securitized assets, help regulators track the disbursement and use of TARP funds and enable more effective regulation by government.

Read the news release:
http://xbrl.us/press/Pages/20090310.aspx

Read the testimony document:
http://xbrl.us/documents/XBRL_US_Testimony.pdf

Watch a clip of the XBRL US testimony:
http://www.c-spanarchives.org/library/index.php?main_page=product_video_info&products_id=284565-4

This event will describe how information standards for corporate actions combined with technology standards through XBRL can bring issuers closer to investors, result in more accurate and timely information and dramatically reduce processing costs. The one-day conference will culminate in the unveiling of a new technology prototype for corporate actions data based on XBRL. Attendees will learn how standards can reduce processing costs, result in more accurate information and improve timeliness - saving time and money for public companies, processing agents and investors. Interactive expert panels and in-depth presentations will provide the details of this new approach to corporate actions data and offer an opportunity for participants to network with experts from around the industry.

Learn more and register:
http://www.soforum.com/conferences/conference_agenda.php?cid=990174

Read the news release:
http://xbrl.us/press/Pages/20090217.aspx

XBRL US has released a white paper on the benefits that standardization of mortgage data in XBRL can bring to industry and government leaders working to alleviate the current financial crisis. The paper explains how the use of data tags could provide more accurate, more transparent and more useable information on the underlying loans in a pool of securities. Philip Moyer, President and CEO, EDGAR-Online, Inc. and a member of the XBRL US Board of Directors, was lead author of the white paper, Bringing Transparency to the Mortgage Backed Securities Market. The whitepaper is available on the XBRL US website at http://xbrl.us/Pages/whitepaper.aspx. Readers are encouraged to submit their comments.

On January 30, 2009, the U.S. Securities and Exchange Commission (SEC) issued new rules and related guidance that require domestic and non-U.S. public companies to provide their financial statements to the SEC in a separate exhibit to certain reports and registration statements in an interactive data format using eXtensible Business Reporting Language (XBRL). Companies will also be required to post their XBRL filings on their corporate websites. The rule goes into effect April 13 and will be phased in over three years, starting with large accelerated filers with a public float greater than $5 billion for periods ending after 6/15/09.

Read the final rule:
http://www.sec.gov/rules/final/2009/33-9002.pdf

Experts from the XBRL US project team that developed the US GAAP Taxonomies will be teaching in-person training workshops to educate preparers on how to create XBRL-formatted financial statements for mandatory submission to the Securities and Exchange Commission (SEC). These hands-on sessions will demonstrate how to use the XBRL US GAAP Taxonomies and how to convert primary financial statements and block tag footnotes into XBRL format. All attendees will leave the workshop with a completed XBRL-formatted financial statement and a repeatable step-by-step guide. Upcoming sessions will be held in New York City on May 20, 2009, and San Francisco on September 16, 2009. Preparers can register for any of these workshops at http://xbrl.us/events/Pages/training.aspx

XBRL US would like to welcome the following new members:

• Depository Trust and Clearing Corporation (DTCC) - provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives.
• Dun & Bradstreet Corporation (D&B) - provides commercial information and insight on businesses
• Hitachi - develops products to serve information systems, electronic devices, power systems, industrial systems, automotive systems, consumer products, materials and financial services.
• Morningstar - provider of independent investment research in North America, Europe, Australia, and Asia.
• XBRLogic - a New York based software development company with a focus on solutions for business reporting.
• Data Communique, Inc.- a technology provider of content management

Please visit the XBRL.US website to learn more about these and all of our members at:
http://www.xbrl.us/about/Pages/members.aspx

XBRL US continues its ongoing series of free live webinars designed to help companies implement XBRL reporting. The program includes key steps, decisions and considerations for implementing XBRL, insight from SEC representatives who will provide updates on proposed regulatory activities, how to use a taxonomy and demonstrations on how create XBRL-formatted financial statements. The next webinar will be held April 22, 2009.

Register for upcoming webinars:
http://xbrl.us/events/Pages/current.aspx

Join Us - XBRL US is the national consortium for xml business reporting standards and developers of the XBRL US GAAP Taxonomies. Our members are committed to engaging and collaborating with other members, contributing to the standard through involvement of their teams, and striving to build awareness and educate the market. Members of XBRL US represent the full range of the business reporting supply chain. Find out more about the benefits of membership and how to become involved.