Mandatory Materiality Requirement Act of 2023
USA118th CongressS-2005| Senate
| Updated: 6/15/2023
Mike Rounds
Republican Senator
South Dakota
Cosponsors (9)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)
Mandatory Materiality Requirement Act of 2023
USA118th CongressS-2005| Senate
| Updated: 6/15/2023
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mike Rounds
Republican Senator
South Dakota
Cosponsors (9)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)