Bill > S3815

This bill, titled the "Improving Disclosure for Investors Act of 2024," directs the Securities and Exchange Commission (SEC) to promulgate rules to allow covered entities (such as investment companies, brokers, dealers, and investment advisers) to satisfy their obligation to deliver regulatory documents, including prospectuses, annual reports, and other required disclosures, to investors using electronic delivery methods. The bill sets forth specific requirements for the SEC's rules, such as providing a transition period and opt-out mechanism for investors who do not receive all documents electronically, and measures to ensure confidentiality and successful delivery of electronic documents. The bill also requires self-regulatory organizations to adopt rules consistent with the SEC's rules, and exempts electronic delivery under this act from certain requirements of the Electronic Signatures in Global and National Commerce Act.

Housing and Urban Affairs

https://www.congress.gov/bill/118th-congress/senate-bill/3815/all-info