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New Investor Disclosure Rules: Only Material Information Required.

This act changes how companies must disclose information to the Securities and Exchange Commission. From now on, the Commission can only require disclosure of data that is truly important for the investment decisions of an average investor. This aims to reduce information overload and focus on what is crucial for citizens investing their money.
Key points
Companies will only need to disclose information that is material to investors, potentially simplifying data analysis.
The Securities and Exchange Commission must justify why specific information is important to investors before requiring its disclosure.
The changes aim to streamline information flow, enabling investors to make more informed decisions without unnecessary data burden.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_9408
Sponsor: Rep. Huizenga, Bill [R-MI-2]
Process start date: 2022-12-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Mandatory Materiality Requirement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9408.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-02.

What are the main provisions?

Key points include:

  • Companies will only need to disclose information that is material to investors, potentially simplifying data analysis.
  • The Securities and Exchange Commission must justify why specific information is important to investors before requiring its disclosure.
  • The changes aim to streamline information flow, enabling investors to make more informed decisions without unnecessary data burden.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Huizenga, Bill [R-MI-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy