S. 5005 · 117th Congress
Mandatory Materiality Requirement Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RoundsSponsor7 cosponsors · 7 R
7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill limits additional disclosure requirements applicable to issuers of securities.
What it does: CRS summary · Introduced in Senate · Sep 29, 2022
Mandatory Materiality Requirement Act of 2022
This bill limits additional disclosure requirements applicable to issuers of securities. Specifically, the Securities and Exchange Commission may only require an additional disclosure if the commission determines that there is a substantial likelihood that a reasonable investor of the issuer would consider the information important with respect to an investment decision.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Mandatory Materiality Requirement Act of 2022
Latest action (Dec 13, 2022): Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Sep 29, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.