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Easier Electronic Delivery of Investment Documents

New rules will allow investment firms to send required documents, like prospectuses and reports, electronically. Citizens will still have the option to receive paper documents if they prefer. The aim is to simplify communication and reduce paper waste.
Key points
Investment firms can default to electronic delivery, potentially speeding up access to information.
Investors not receiving electronic documents will get an initial paper notice and can opt out of electronic delivery at any time.
Mechanisms for identifying and fixing failed electronic deliveries, and minimum readability and retainability standards for digital documents, will be ensured.
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Additional Information
Print number: 118_HR_1807
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2023-03-27
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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

Improving Disclosure for Investors Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1807.

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 2023-03-27.

What are the main provisions?

Key points include:

  • Investment firms can default to electronic delivery, potentially speeding up access to information.
  • Investors not receiving electronic documents will get an initial paper notice and can opt out of electronic delivery at any time.
  • Mechanisms for identifying and fixing failed electronic deliveries, and minimum readability and retainability standards for digital documents, will be ensured.
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-4].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 239.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy