Pre-2002 Framework
Uniform reporting deadlines established by 1934 Act
Filer status categories and disclosure accommodations expanded
2002–2005
AF and LAF statuses introduced
Shorter filing deadlines and ICFR requirements applied to larger companies
Scaled disclosure frameworks expanded
2007–2012
SRC and EGC statuses introduced
Targeted amendments to filer thresholds and definitions
2018–2020
Growing concerns regarding regulatory complexity and compliance costs
2020–2025
Public reporting companies’ numbers decline
Proposal to simplify filer status framework and expand disclosure accommodations
May 2026