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Bill > HR1807


US HR1807

US HR1807
Improving Disclosure for Investors Act of 2023


summary

Introduced
03/27/2023
In Committee
04/26/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To direct the Securities and Exchange Commission to promulgate rules with respect to the electronic delivery of certain required disclosures, and for other purposes.

AI Summary

This bill directs the Securities and Exchange Commission (SEC) to promulgate rules to allow covered entities, which include investment companies, brokers, dealers, and investment advisers, to satisfy their obligation to deliver regulatory documents required under securities laws to investors using electronic delivery. The rules must provide for an initial paper communication, a transition period, and annual paper notices for investors who do not receive electronic delivery, as well as requirements for the content and timing of electronic delivery notifications. The bill also requires the SEC to review its rules and regulations to determine if any require written document delivery and amend them to allow electronic delivery, and directs self-regulatory organizations to adopt consistent rules and regulations.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Placed on the Union Calendar, Calendar No. 239. (on 12/01/2023)

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