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Honest Income Disclosure Act

Introduced: May 24, 2006 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2006
Referred to the House Committee on Financial Services.
May 24, 2006
Introduced in House
 Plain-English summary Congressional Research Service

Honest Income Disclosure Act - Amends the Securities Exchange Act of 1934 to instruct the Securities and Exchange Commission (SEC) to issue revised regulations requiring certain mandatory annual reports to include the income reported by the issuer to the Internal Revenue Service for the most recent taxable year, presented in a prominent location and in a manner that permits a ready comparison of such income to income otherwise required to be included.

Requires such information to be: (1) suitable for entry into the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR); and (2) immediately available via that system, upon receipt.

What's happening now May 24, 2006

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1