S 2005 118th 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 2023

Introduced: June 15, 2023 Introduced by: Rounds, Mike Republican · South Dakota See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 15, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jun 15, 2023

Introduced in Senate

Plain-English summary Congressional Research Service

Mandatory Materiality Requirement Act of 2023

This bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking. Specifically, the SEC must provide that an issuer of securities is only required to disclose information in response to a rulemaking if the issuer determines that this information is important to a voting or investment decision regarding the issuer.

What's happening now June 15, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees of jurisdiction 1