SENATE 2005118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mandatory Materiality Requirement Act of 2023
- Last Action
- 6/15/2023
Actions
- 2023-06-15Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-06-15Introduced in Senate
CRS Summary
As of 2023-06-15 (00)
Mandatory Materiality Requirement Act of 2023
This bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking. Specifically, the SEC must provide that an issuer of securities is only required to disclose information in response to a rulemaking if the issuer determines that this information is important to a voting or investment decision regarding the issuer.
Cosponsors (9)
- Thomas Tillis (R-NC)
- Cynthia Lummis (R-WY)
- Bill Hagerty (R-TN)
- Steve Daines (R-MT)
- Kevin Cramer (R-ND)
- Katie Britt (R-AL)
- Dan Sullivan (R-AK)
- Chuck Grassley (R-IA)
- John Boozman (R-AR)
Subjects
- Administrative law and regulatory procedures
- Business investment and capital
- Financial services and investments
- Securities
- Securities and Exchange Commission (SEC)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.