; sunset (a) Adoption of standards for corporate financial data (1) In general Not later than one year after the date of enactment of this Act, the Securities and Exchange Commission, shall, by rule, adopt a data standard that is both human-readable and machine-readable, and complies with the requirements under the amendments made by section 201, with respect to any corporate financial data for which the Commission was using the eXtensible Business Reporting Language standard as of the date of enactment of this Act. (2) Scaling of regulatory requirements The Securities and Exchange Commission may scale data reporting requirements under this section in order to reduce any unjustified burden on emerging growth companies, lending institutions, accelerated filers, smaller reporting companies, and other smaller issuers, as determined by the study required under subsection (c), while still providing searchable information to investors. (3) Minimizing disruption In issuing the regulations required under the amendments made by this section, the Securities and Exchange Commission shall seek to minimize disruptive changes to the persons affected by such regulations. (b) Better enforcement of the quality of corporate financial data submitted to the Securities and Exchange Commission (1) Data quality improvement program Within six months after the date of the enactment of this Act, the Commission shall establish a program to improve the quality of corporate financial data filed or furnished by issuers under the Securities Act of 1933 and the Securities Exchange Act of 1934. The program shall include the following: (A) The designation of an official in the Office of the Chairman responsible for the improvement of the quality of eXtensible Business Reporting Language data filed with or furnished to the Commission by issuers. (B) The issuance by the Division of Corporation Finance of comment letters requiring correction of errors in data filings and submissions, where necessary. (2) Goals In establishing the program under this