HR 4628
To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to increase transparency from the Securities and Exchange Commission (SEC) regarding its requirements for companies to disclose certain information. It mandates that the SEC publish a list of all instances where it requires companies to disclose non-material information, along with explanations for why these disclosures are necessary. Additionally, the SEC must periodically report to Congress on these mandates. Finally, the bill clarifies that individuals are not liable for failing to disclose non-material information if they are not required to do so.
Sponsors
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Primary sponsor
Alexander X. Mooney
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