S. 5005 · 117th Congress
Mandatory Materiality Requirement Act of 2022
- Stage
- In committee
- Sponsor
- Mike Rounds
- Introduced
- 2022-09-29
- Latest action
- 2022-12-13 · Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
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.