September, 2026 
Federal Reserve Board seeks comment on two GENIUS Act proposals for Board-supervised entities with comments due by November 30, 2026. The first proposal, Implementing the Federal Reserve Board’s Responsibilities under the GENIUS Act, would require payment stablecoin issuers to back stablecoins with certain reserve assets and establish standardized capital requirements and risk management standards, introduce rules for firms that safekeep the reserve assets and clarify the permissibility of stablecoin activities for banks. Read the associated Board Memo.
The second proposal, Application Procedures for Board-Supervised Insured Depository Institutions Seeking Approval for a Subsidiary to Issue Payment Stablecoins would establish a tailored application process for payment stablecoin issuers including requirements to submit a business plan and financial information and create a process governing appeals, hearings, and final determinations for applications. Read the associated Board Memo.
XBRL US comments on FDIC Forms & Instructions for Stablecoin Issuers. The FDIC rule provides instructions and sample reports which are published as text documents, however the proposed rule notes, "…the FDIC expects to use structured formats (e.g., XML, JSON, or CSV/XBRL, etc.) to improve the usability of submitted data. The FDIC seeks comment on which format would be most effective for PPSI submissions." Our letter encouraged the preparation of issuer application and ongoing disclosures in digital, machine-readable format in conformance with a semantic data model, for economies of scale and good quality data. The letter also supported the use of the LEI, harmonization with FDTA requirements, and the development of standardized technical protocols for blockchain communication in collaboration with other digital asset regulators, among other recommendations.
GASB seeks comment on structural design of Voluntary Digital Reporting Taxonomy. The Governmental Accounting Standards Board (GASB) has published their taxonomy and Structural Design document for the Voluntary Digital Financial Reporting project, for a 60-day public comment period that closes on November 30, 2026. The materials made available by the GASB include the taxonomy (as a zip file and downloaded into an Excel spreadsheet), and a detailed Discussion Memorandum that describes the taxonomy design.
The Securities and Exchange Commission (SEC) updates the EDGAR System to Release 26.3. The Commission noted that they no longer support the 2024 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy and other 2024 taxonomies. The SEC recommended that companies use the most recent version of taxonomy releases to take advantage of the most updated tags. Access the complete list of supported standard taxonomies.
SEC announces common tagging errors in real estate schedule.The SEC announcement on Common Tagging Errors in Schedule III - Real Estate and Accumulated Depreciation describes issues in real estate companies detailed supplemental schedules including the application of incorrect dimensions when tagging property level information and the use of custom elements when standard elements are available.
The Financial Accounting Standards Board (FASB) proposed three GAAP Taxonomy improvements. The proposals out for public comment include:
- Proposed GAAP Taxonomy Improvements for Proposed Update on Codification Improvements (September 2 2026) to update the Codification for technical corrections, unintended application of the Codification, clarifications, and other minor improvements. The comment period ends on November 19, 2026.
- Proposed Technical and Other Conforming Improvements for the 2027 SEC Reporting Taxonomy (September 1 2026) for the 2027 SEC Reporting Taxonomy (SRT). The comment period ends on October 30, 2026.
- Proposed Accounting Standards Update: Transfers and Servicing—Servicing Assets and Liabilities (Subtopic 860-50): Mortgage Servicing Rights—Recapture (Release Notes). The comment period ends on November 9, 2026.
XBRL US responded to the Securities and Exchange Commission (SEC) request for comment on their Regulatory Flexibility Agenda. Key points raised in our letter included the importance of requiring disclosures to be reported in digital, machine-readable format in conformance with a semantic data model (taxonomy/ontology), and noted that the Commission should consider all disclosure-related rules in totality given the significant overlap between proposals.
SEC grants exemptive relief from Inline XBRL for security-based swap reports. The order grants relief to certain registrants given concern over cost to filers and because many of the filings have individually tailored information, making standardized tags less useful.
XBRL US invited to participate in the SEC Investor Advisory Committee panel on artificial intelligence. The panel session featured XBRL US' President and CEO Campbell Pryde who participated in the first panel, on artificial intelligence, along with Julie Marlowe, CPA, Assistant Director, Office of Data Standards and Innovation, Division of Economic and Risk Analysis, SEC, and Gregory Landegger, Principal, Parsons & Whittemore, Inc.; Publisher, BitDigest. Watch the Webcast Archive, Part 1 on AI and disclosure.
FASB publishes ASU on how the current cash equivalent definition applies to digital assets. The Financial Accounting Standards Board (FASB) published a proposed Accounting Standards Update (ASU) intended to clarify how the current definition of cash equivalents applies to certain digital assets, such as stablecoins, and to increase transparency about the significant components of cash equivalents. Stakeholders are encouraged to review and provide comments on the proposed ASU by November 19, 2026.
XBRL US Events
Webinar: AI Technologies Impact on Company Compliance Activities, October 14, 2026, 12:30 ET.
Artificial intelligence is having a profound impact on all aspects of our everyday business activities, from software development to financial reporting and analysis to compliance-related activities. Attend this 60-minute webinar for insights and demonstrations of applications that build artificial intelligence into everyday compliance work. Get details and register.
Webinar: Digital Standards for Digital assets - Supporting the GENIUS Act, October 21, 2026, 3 PM ET.
New disclosure and reporting requirements for Permitted Payment Stablecoin Issuers (PPSIs)—driven by the implementation of the federal Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—will fundamentally transform how stablecoin issuers operate. Attend this 75-minute session to learn the fundamentals of digital assets and the GENIUS Act legislation; digital asset issuer disclosures; and how structured, machine-readable data can support a robust, expanding stablecoin market. Speakers will join from the AICPA, AuditChain, the Global LEI Foundation, Wall Street Blockchain Alliance, and XBRL US. Get details and register.
Data Amplified 2026, October 26-27, 2026, The Hague, the Netherlands. In an AI era, how can structured data enhance trust? How can streamlined digital reporting drive value? Data Amplified 2026 will dive into these essential discussions, bringing together regulators, technologists, finance professionals and others. Get details and register.
XBRL US Meetings
The next meeting of the Data Quality Committee (DQC) is on Wednesday, October 7 at 10 AM ET. Register to attend online.
The Domain Steering Committee will meet Tuesday, October 20 at 2 PM ET. https://xbrl.us/events/dsc-261020 - all XBRL US Members are invited to attend.
The Communications Steering Committee will meet Tuesday, October 20 at 3 PM ET https://xbrl.us/events/csc-261020 - all XBRL US Members are invited to attend
The Regulatory Modernization Working Group will meet Tuesday, October 13 at 3 PM ET. (membership@xbrl.us for details)
The Standard Government Reporting Working Group will meet Tuesday, October 29 at Noon ET. (membership@xbrl.us for details)
The Digital Asset Working Group will meet Thursday, October 15 at 2 PM ET. (membership@xbrl.us for details)
The Technical Advisory Committee (XTAC) will meet on Wednesday, October 14 at 4:30 PM ET. (membership@xbrl.us for details)
The Academic Subcommittee is on hiatus for the Summer.
Member News and Events
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Public review: FASB Proposed GAAP Taxonomy Improvements for Mortgage Servicing Rights-Recapture Update - Get details and comment. |
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Public review: FASB GAAP Taxonomy Improvements and Proposed Technical Improvements - Get details and comment. |
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XBRL US Articles, White Papers, and Blogs
Blog: Can AI Help Regulators and Market Participants More Effectively Analyze Thousands of Rule Proposal Comments? XBRL US CEO Campbell Pryde weighs in on how structured, digital reporting for regulatory comment letters could enhance transparency, reduce cost, and improve analysis by AI tools used by regulatory staff and market participants. Read.
Blog: XBRL API updates improve AI Connector efficiency. XBRL US' David Tauriello explains that since the release of the XBRL API in 2018, we've heard from hundreds of users with questions and feedback on functionality to improve analysis with data from our Public Filings Database. We've tightened up the efficiency of XBRL API filters and fields, and even added functionality to enable comparison filtering. Find out about upgrades and how to put them to work for your own analysis. Read.
XBRL US 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.
Not yet an XBRL US member? Maybe it's time to consider joining XBRL US for yourself ($55 - $550/ year) or your organization (fees vary). Find out more about the benefits of membership and how to become involved by visiting https://xbrl.us/benefits.
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