S. 2005 · 118th Congress
Mandatory Materiality Requirement Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RoundsSponsor9 cosponsors · 9 R
R
Boozman
KB
R
Britt
KC
R
Cramer
SD
R
Daines
CG
R
Grassley
BH
R
Hagerty
CL
R
Lummis
DS
R
Sullivan
TT
R
Tillis9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking.
What it does: CRS summary · Introduced in Senate · Jun 15, 2023
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.
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 2023
Latest action (Jun 15, 2023): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jun 15, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.