Bill
Bill > HR4628
US HR4628
US HR4628To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes.
summary
Introduced
07/13/2023
07/13/2023
In Committee
07/13/2023
07/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes.
AI Summary
This bill would amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC) to maintain a list of disclosure mandates that require the reporting of non-material information, along with an explanation for why each mandate is required. The SEC would also be required to issue a report to Congress every 5 years justifying each of these non-material disclosure mandates. Additionally, the bill would prohibit private liability for a failure to disclose non-material information that is required under federal securities laws or regulations.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 07/13/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4628/all-info |
| BillText | https://www.congress.gov/118/bills/hr4628/BILLS-118hr4628ih.pdf |
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