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.
1/9/2024, 11:26 PMSummary of Bill HR 4628
Bill 118 hr 4628, also known as the "Non-Material Disclosure Mandates Transparency Act," aims to amend the Securities Exchange Act of 1934. The main purpose of this bill is to require the Securities and Exchange Commission (SEC) to disclose and report on non-material disclosure mandates.Non-material disclosure mandates refer to information that is not considered essential for investors to make informed decisions about a company. These mandates can often be burdensome for companies to comply with and can lead to unnecessary costs and paperwork.
The bill seeks to increase transparency and accountability within the SEC by requiring them to provide detailed reports on non-material disclosure mandates. This will allow for greater oversight and scrutiny of the SEC's regulatory actions, ensuring that they are not imposing unnecessary burdens on companies. Overall, the Non-Material Disclosure Mandates Transparency Act aims to streamline regulations and reduce unnecessary paperwork for companies, while also promoting greater transparency and accountability within the SEC.
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Current Status of Bill HR 4628
Bill HR 4628 is currently in the status of Bill Introduced since July 13, 2023. Bill HR 4628 was introduced during Congress 118 and was introduced to the House on July 13, 2023. Bill HR 4628's most recent activity was Referred to the House Committee on Financial Services. as of July 13, 2023Bipartisan Support of Bill HR 4628
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4628
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 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.Comments
Most relevant
Sponsors and Cosponsors of HR 4628
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