118th Congress · HOUSE BILLBILL

H.R. 4168 — Mandatory Materiality Requirement Act of 2023

“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 voting or investment decisions regarding those issuers, and for other purposes.”

Finance and financial sector

Introduced Jun 15, 2023

Last action Jun 15, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 15, 2023

Step 2

Referred

Jun 15, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 15, 2023

Introduced in House

Jun 15, 2023

Referred to the House Committee on Financial Services.