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.

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.