summary
Introduced
05/24/2018
05/24/2018
In Committee
06/21/2018
06/21/2018
Crossed Over
07/11/2018
07/11/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Modernizing Disclosures for Investors Act (Sec. 2) This bill directs the Securities and Exchange Commission to: (1) report on the costs and benefits of requiring reporting companies to use Form 10-Q to satisfy quarterly financial disclosure requirements; and (2) make recommendations for decreasing costs, increasing transparency, and increasing efficiency of quarterly financial reporting by emerging growth companies.
AI Summary
This bill, the Modernizing Disclosures for Investors Act, directs the Securities and Exchange Commission (SEC) to conduct an analysis of the costs and benefits of requiring reporting companies to use Form 10-Q for submitting quarterly financial reports. The analysis must consider the costs and benefits to emerging growth companies, the SEC, other reporting companies, investors, market researchers, and other market participants. The bill also requires the SEC to provide a report to Congress with the results of the analysis and recommendations for decreasing costs, increasing transparency, and increasing efficiency of quarterly financial reporting by emerging growth companies.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (1)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/11/2018)
Official Document
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bill summary
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