S 5005
117th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Business investment and capital
Financial services and investments
Securities
Securities and Exchange Commission (SEC)
Mandatory Materiality Requirement Act of 2022
Introduced: September 29, 2022
Introduced by:
Rounds, Mike
Republican
· South Dakota
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 117-756.
Sep 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 29, 2022
Introduced in Senate
Plain-English summary
Mandatory Materiality Requirement Act of 2022
This bill limits additional disclosure requirements applicable to issuers of securities. Specifically, the Securities and Exchange Commission may only require an additional disclosure if the commission determines that there is a substantial likelihood that a reasonable investor of the issuer would consider the information important with respect to an investment decision.
What's happening now
Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 117-756.
Committees of jurisdiction
2