118th Congress · HOUSE BILLBILL

H.R. 4790Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023

To amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes.

Finance and financial sector
Introduced Jul 20, 2023
Last action Sep 23, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jul 20, 2023
Step 2
Referred
Jul 20, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
Jul 27, 2023
Reported out
Step 4
House floor
Sep 19, 2024
Passed House
Step 5
Senate
Sep 23, 2024
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill limits the disclosures required by issuers of securities as a result of a rulemaking and establishes the Public Company Advisory Committee. First, the 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 material with respect to a voting or investment decision regarding the issuer’s securities. The bill also requires the SEC to report on its website each required disclosure of nonmaterial information under current federal securities...

Provisions · 29 sectionsEngrossed in House
5 provisions
1 provision
1 provision
1 provision
1 provision
2 provisions
14 provisions
1 provision
1 provision
1 provision
1 provision
1 provision
1 provision
1 provision
1 provision
1 provision
1 provision
3 provisions
6 provisions
1 provision
2 provisions
1 provision
1 provision
1 provision
Roll Call Votes · 2
Timeline · 19 actions
Sep 23, 2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 19, 2024
Considered under the provisions of rule H. Res. 1455.
Sep 19, 2024
Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
Sep 19, 2024
DEBATE - The House proceeded with one hour of debate on H.R. 4790.
Sep 19, 2024
The previous question was ordered pursuant to the rule.
Sep 19, 2024
Mr. Casten moved to recommit to the Committee on Financial Services.
Sep 19, 2024
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Sep 19, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 4790, the Chair put the question on the motion to recommit and by voice vote, announced that the ayes had prevailed. Mr. Huizenga demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Sep 19, 2024
Considered as unfinished business.
Sep 19, 2024
On motion to recommit Failed by the Yeas and Nays: 206 - 211 (Roll no. 434).
Sep 19, 2024
On passage Passed by the Yeas and Nays: 215 - 203, 1 Present (Roll no. 435).ROLL CALLpass
Sep 19, 2024
Motion to reconsider laid on the table Agreed to without objection.
Sep 17, 2024
Rules Committee Resolution H. Res. 1455 Reported to House. Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
Dec 22, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-336.
Dec 22, 2023
Placed on the Union Calendar, Calendar No. 275.
Jul 27, 2023
Committee Consideration and Mark-up Session Held
Jul 27, 2023
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
Jul 20, 2023
Introduced in House
Jul 20, 2023
Referred to the House Committee on Financial Services.