Mandatory Materiality Requirement Act of 2023

Main Subject: Finance and financial sector

Mandatory Materiality Requirement Act of 2023

This bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking. Specifically, the SEC must provide that an issuer of securities is only required to disclose information in response to a rulemaking if the issuer determines that this information is important to a voting or investment decision regarding the issuer.

Senate Actions

IntroReferral
Jun. 15 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Jun. 15 2023	Introduced in Senate

Senate bill S2005-118

Mandatory Materiality Requirement Act of 2023

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