HR 9408
Mandatory Materiality Requirement Act of 2022
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Bill overview
This bill, the Mandatory Materiality Requirement Act of 2022, changes how the Securities and Exchange Commission (SEC) determines what information companies must disclose. It requires the SEC to specifically determine that information is ‘material’ – meaning a reasonable investor would consider it important – before requiring additional disclosures. The bill aims to ensure that disclosure requirements are focused on information truly relevant to investors’ decisions. It clarifies the standard for materiality and limits the SEC’s ability to impose disclosure obligations without a strong justification.
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