S 2005
Mandatory Materiality Requirement Act of 2023
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- Became Law
Bill overview
This bill, the Mandatory Materiality Requirement Act of 2023, changes how publicly traded companies must disclose information to the Securities and Exchange Commission (SEC). It requires the SEC to ensure that companies only disclose information if it’s genuinely important for investors to make decisions about voting or investing. Specifically, the bill limits the SEC’s rulemaking authority, ensuring disclosures are tied to factors that would actually influence investor choices.
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