Wednesday, August 21, 2019
WeWork Liabilities, Part II

Tuesday, August 20, 2019
WeWork’s Liabilities in Perspective

Wednesday, August 14, 2019
Comparing LinkedIn, Twitter Revenue

Wednesday, August 7, 2019
Leasing’s Effect on Retail Balance Sheets

Thursday, August 1, 2019
Using Calcbench to Find China Exposure

Tuesday, July 30, 2019
Leasing Details: The Comcast Example

Monday, July 29, 2019
Easy Fundamental Equity Analysis in Python

Monday, July 22, 2019
Calcbench Data and Tax Reform Insight

Wednesday, July 17, 2019
Downshifting in the Trucking World

Tuesday, July 16, 2019
New Report: Adoption of New Lease Accounting Standard

Friday, July 5, 2019
More Consequences of Lease Accounting

Monday, July 1, 2019
Another Example of Tax Reform Twisting Bottom Line

Thursday, June 27, 2019
The Latest Share Repurchase Data

Tuesday, June 18, 2019
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Tuesday, June 11, 2019
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Wednesday, May 29, 2019
An Example of Calcbench, Excel, and Insight

Monday, May 20, 2019
Research Paper: Capex Spending

Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

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We appreciate Congressman Capuano’s leadership on this matter!

Dear Mr. Rapp, 

Thank you for contacting me expressing your opposition to H.R. 4164, the Small Company Disclosure Simplification Act.  

As you are aware, the Small Company Disclosure Simplification Act would exempt emerging growth companies and issuers with total annual gross revenues of less than $250 million from the requirements to use Extensible Business Reporting Language (XBRL) for financial statement and other mandatory reporting.  The bill would exempt approximately 60 percent of public companies.  Like you, I do not believe that exempting such a large segment of the market would benefit the companies or investors. On March 14, I voted against H.R. 4164 in the House Financial Services Committee Mark-up Session. Ultimately, the Committee passed H.R. 4164 by a vote of 51-5.  

I appreciate your comments on the increased number of investors who are now benefiting from XBRL. As with any process, there is room to improve and more can be done to make XBRL more user friendly and more accurate. I hope that this interactive financial reporting system will continue to improve and provide a better system for the public.

Thank you again for your comments. If my staff or I can be of further assistance, please do not hesitate to contact my office.


Michael E. Capuano
Member of Congress

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