S. 2005 · 118th Congress
Mandatory Materiality Requirement Act of 2023
- Stage
- In committee
- Sponsor
- Mike Rounds
- Introduced
- 2023-06-15
- Latest action
- 2023-06-15 · Introduced in Senate
Summary
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.