summary
Introduced
10/11/2018
10/11/2018
In Committee
10/11/2018
10/11/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Modernizing Disclosures for Investors Act 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 to satisfy quarterly financial disclosure requirements. The analysis would consider the impacts on emerging growth companies, the SEC's ability to protect investors and facilitate capital formation, and other reporting companies, investors, market researchers, and other market participants. The bill also requires the SEC to provide recommendations for decreasing costs, increasing transparency, and increasing efficiency of quarterly financial reporting by emerging growth companies.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 10/11/2018)
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/115th-congress/senate-bill/3575/all-info |
| BillText | https://www.congress.gov/115/bills/s3575/BILLS-115s3575is.pdf |
| Bill | https://www.congress.gov/115/bills/s3575/BILLS-115s3575is.pdf.pdf |
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