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New Investor Disclosure Rules: Focus on Material Information

This act changes how companies must disclose financial information. The Securities and Exchange Commission (SEC) will now only be able to require disclosure of data that is truly important for investment decisions. 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 (SEC) must justify why specific information is important to investors before requiring its disclosure.
The changes aim to reduce regulatory burdens for companies, which could impact their operations and potentially the job market.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5005
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2022-09-29
Lustra uses Artificial Intelligence. Verify details in source documents.
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_S_5005.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-29.

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 (SEC) must justify why specific information is important to investors before requiring its disclosure.
  • The changes aim to reduce regulatory burdens for companies, which could impact their operations and potentially the job market.
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 Sen. Rounds, Mike [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy