Pubcos were attacked for failing to provide information for a national database on rents and other costs for tenants.
The Royal Institute of Chartered Surveyors director of the valuation professional group David Rusholme was asked why the group has failed to put together a national database of operating costs, as urged by BISC's predecessor.
"That attempt has failed on account of the commercial costs of putting it together,"
Rusholme explained that it was expensive to put in place the mechanisms for dealing with information that is commercially sensitive.
But the failure to put a database together received an angry response from the BISC.
MP Simon Kirby said: "There are pubs going bust week in, week out, and it's not going to get better as a direct result of the rents being charged and the discounts available.
I do not understand why you can't have a database. I'm disappointed in your failure in not bringing it forward."
Rusholme revealed that "preliminary discussions" have taken place with "leading pubcos" about the RICS leading a new attempt.
The plan has the support of the RICS board and the BII, he said.
"If no-one else is going to step up to the plate, we will do it. We will do it ourselves and we will do it quickly," said Rusholme.
When pressed on a timetable, he said it would happen "as urgently as we possibly can".