Improving Disclosure for Investors Act of 2023
1/3/2024, 4:30 PMSummary of Bill HR 1807
Bill 118 hr 1807, also known as the Improving Disclosure for Investors Act of 2023, aims to enhance transparency and accountability in the financial markets by requiring companies to provide more detailed and timely information to investors. The bill focuses on improving the disclosure of financial information, such as earnings reports, risk factors, and executive compensation.One key provision of the bill is the requirement for companies to disclose any material events or information that could impact their financial performance within four business days. This is intended to ensure that investors have access to up-to-date and relevant information to make informed investment decisions.
Additionally, the bill mandates that companies provide more detailed information about their executive compensation practices, including the ratio of CEO pay to median employee pay. This is aimed at increasing transparency around executive compensation and ensuring that companies are held accountable for their pay practices. Overall, the Improving Disclosure for Investors Act of 2023 seeks to promote transparency and accountability in the financial markets by requiring companies to provide more detailed and timely information to investors. This is intended to empower investors to make informed decisions and ultimately strengthen the integrity of the financial system.
Congressional Summary of HR 1807
Improving Disclosure for Investors Act of 2023
This bill requires the Securities and Exchange Commission (SEC) to propose and finalize rules to allow entities to deliver regulatory documents to investors electronically. The SEC must establish a mechanism for investors to opt out of electronic delivery and receive paper documents instead. If the SEC does not finalize rules within one year after enactment, the bill allows for electronic delivery of these documents.
Read the Full Bill
Current Status of Bill HR 1807
Bill HR 1807 is currently in the status of Bill Introduced since March 27, 2023. Bill HR 1807 was introduced during Congress 118 and was introduced to the House on March 27, 2023. Bill HR 1807's most recent activity was Placed on the Union Calendar, Calendar No. 239. as of December 1, 2023Bipartisan Support of Bill HR 1807
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
4Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1807
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
Business recordsComputers and information technologyCorporate finance and managementSecuritiesAlternate Title(s) of Bill HR 1807
Improving Disclosure for Investors Act of 2023Improving Disclosure for Investors Act of 2023Improving Disclosure for Investors Act of 2023To direct the Securities and Exchange Commission to promulgate rules with respect to the electronic delivery of certain required disclosures, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 1807
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