Grants Taxonomies, Demonstration Release

The federal government has committed to adopting data standards to improve the way grants information is collected. In 2018, the Office of Management and Budget (OMB) began work to meet the goals of the President’s Management Agenda Cross-Agency Priority (CAP) Goal #8: Results-Oriented Accountability for Grants. And in 2019, Congress passed, and the President signed, […more]


CFTC Final Rule on Swaps Data Expands LEI Requirements

On November 25, 2020, the Commodity Futures Trading Commission (CFTC) adopted the final rule “Swap Data Record Keeping and Reporting Requirements”. XBRL US submitted a comment letter in response to the proposed rule in May of this year in which we made two recommendations: 1) we agreed with the proposed expansion of the use of […more]


Center for Data Quality Committee Meeting

12 PM EDT Wednesday, January 20, 2021
XBRL US Web Conference
Register to attend online

At this meeting, industry leaders will participate in discussions and plans for developing guidance and rules for use by public companies complying with the XBRL requirements of the US Securities and Exchange Commission. Learn about the Data Quality Committee.


XBRL US Comments on SBA Data Collection for CARES Act

XBRL US submitted a comment letter to the Small Business Administration (SBA) regarding the collection of data for the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The XBRL US letter recommends that the SBA and other regulators administering large relief fund programs like the CARES Act, leverage data standards to vastly increase efficiency, improve […more]


SBA Requests Comment on CARES Act Data Collection

The Small Business Administration (SBA) published a request for comment regarding the collection of information related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Comments are solicited on 1) whether information collected is necessary for the agency to perform its functions; 2) whether burden estimates are accurate, 3) whether there are ways to […more]


Video: Government Use of Data Standards – Conversation with the FDIC

Every U.S. bank submits financial call report data to the Federal Deposit Insurance Corporation (FDIC) in machine-readable format. Banks have been reporting this way since 2005. Watch this video for a conversation with Mark Montoya, Senior Business Analyst of Data Strategy at the FDIC, who was one of the founders of the XBRL FDIC data […more]


Newsletter for the Reporting Standard of Business and Government

December, 2020 XBRL US commented on SEC proposal on tailored shareholder reports. The SEC proposal, Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements, recommends changes to modernize the disclosure framework for open-end management investment […more]


November 2020 Newsletter

November, 2020 This year’s XBRL US Investor Forum provided an insightful lens into the future of structured reporting. SEC Commissioner Allison Herren Lee touched on several topics in her keynote address (watch video). The Commissioner noted several areas including proxy, ESG, MD&A and earnings releases as disclosures that could benefit from structured data formatting: “As […more]


September 2020 Newsletter

September, 2020 College Of DuPage leads move to electronic financial reporting for Illinois community colleges. The forward-thinking college worked with XBRL US to prepare their own financial statements in XBRL format, using the CAFR Taxonomy, and plans to create a data repository containing electronic financials for other Illinois-based community colleges. Oakton Community College, based in […more]


October 2020 Newsletter

October, 2020 SEC Commissioner Allison Herren Lee, and PwC Vice Chair Wes Bricker will provide keynote addresses at the XBRL US Investor Forum 2020, November 17-18, 2020. Commissioner Lee has been an outspoken advocate for transparency and greater accountability to help small business, increase diversity and improve access to information for investors. Wes Bricker, who […more]