California Senate Bill 598 is now moving to the State Assembly and will be considered in a hearing of the Local Government Committee on June 19, 2019. XBRL US has submitted a second letter of support to this committee based on the current version of the legislation. Read the letter: XBRL US Supports SB 598 June […more]
Items tagged with "California"
The California State Senate unanimously passed Senate Bill 598, the Open Financial Statements Act. The bill would establish a 9-member commission called the Open Financial Statement Commission in the Treasurer’s office. The commission would be tasked with contracting with vendors to build taxonomies suitable for public agency financial filings and create a software tool that enables […more]
SB 598, a bill introduced in California by Senator John Moorlach, was passed unanimously through the Senate Government Organization Committee. This is the second state Senate committee that has unanimously passed this bill which will go to a final vote before September 13. The bill calls for the creation of the Open Financial Statement Commission, consisting […more]
The original bill, SB 598, which was introduced by Senator John Moorlach, has been amended to eliminate the mandate for XBRL, but it continues to include the creation of a 9-member commission to write a report to the legislature recommending further action towards the use of Inline XBRL for state and local government financial filings. […more]
On February 22, 2019, California State Senator John Moorlach introduced Senate Bill 598, legislation to enact the Open Financial Statements Act which, if passed, will do the following: Create the Open Financial Statement Commission, consisting of seven members appointed by the Governor Require the newly created Commission to contract with vendors to build an XBRL […more]