118th Congress · HOUSE BILLBILL

H.R. 4628 — To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes.

“To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes.”

Finance and financial sector

Introduced Jul 13, 2023

Last action Jul 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 13, 2023

Step 2

Referred

Jul 13, 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 report on its website each required disclosure of nonmaterial information under federal securities laws and regulations and a justification for the disclosure. The SEC must also report this information to Congress every five years. The bill also establishes that a person's failure to disclose such nonmaterial information is not a liability in a private action.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Jul 13, 2023

Introduced in House

Jul 13, 2023

Referred to the House Committee on Financial Services.