Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4628
118th Congress(2023-2024)
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.
Introduced
Introduced
Introduced in House on Jul 13, 2023
Overview
Text
Introduced in House 
Jul 13, 2023
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Introduced in House(Jul 13, 2023)
Jul 13, 2023
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Jump To
H. R. 4628 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 4628


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.

IN THE HOUSE OF REPRESENTATIVES

July 13, 2023

Mr. Mooney introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SEC justification of non-material disclosure mandates.

Section 23 of the Securities Exchange Act of 1934 (15 U.S.C. 78w) is amended by adding at the end the following:

“(e) Non-Material disclosure mandates.—

“(1) DISCLOSURE.—The Commission shall maintain a list on the website of the Commission that contains—

“(A) each mandate under the Federal securities laws and regulations that requires the disclosure of non-material information; and

“(B) for each such disclosure mandate, an explanation of why the mandate is required.

“(2) STUDY AND REPORT.—The Commission shall, every 5 years, issue a report to the Congress justifying each disclosure contained on the list required under paragraph (1).

“(3) NO PRIVATE LIABILITY FOR FAILING TO MAKE A NON-MATERIAL DISCLOSURE.—A person who fails to disclose non-material information required to be disclosed under the Federal securities laws or regulations shall not be liable for such failure in any private action.”.