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S. 5005 117th Congress Senate

Mandatory Materiality Requirement Act of 2022

Official title: A bill to amend the Securities Act of 1933 to require that information required to be disclosed to the Securities and Exchange Commission by issuers be materia… Show full official titleShow less

Official title: A bill to amend the Securities Act of 1933 to require that information required to be disclosed to the Securities and Exchange Commission by issuers be material to investors of those issuers, and for other purposes.

Introduced: September 29, 2022 Introduced by: Mike Rounds Republican · South Dakota See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action December 13, 2022

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 117-756.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 9408 Identical bill Mandatory Materiality Requirement Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Republican 7
R
Boozman, John
Arkansas · Sep 29, 2022
 R
Daines, Steve
Montana · Sep 29, 2022
 R
Grassley, Chuck
Iowa · Sep 29, 2022
 R
Hagerty, Bill
Tennessee · Sep 29, 2022
 R
Lummis, Cynthia M.
Wyoming · Sep 29, 2022
 R
Sullivan, Dan
Alaska · Sep 29, 2022
 R
Tillis, Thomas
North Carolina · Sep 29, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5005: Mandatory Materiality Requirement Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-5005/
MLA
"S. 5005: Mandatory Materiality Requirement Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-5005/.
Bluebook (legal)
S. 5005, 117th Cong. (2026), https://openamerica.io/bill/117-S-5005/.
Markdown link
[S. 5005: Mandatory Materiality Requirement Act of 2022](https://openamerica.io/bill/117-S-5005/)
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