H.R. 5970: Modernizing Disclosures for Investors Act

CBO Score

$2 million

Date of Report

Tue July 17th, 2018

CBO Report Details

Legislation Details

115th Congress

To require the Securities and Exchange Commission to implement rules simplifying the quarterly financial reporting regime.

Sponsor: Rep. Ann Wagner — R — MO

This bill requires the Securities and Exchange Commission to allow issuers of securities traded on a national securities exchange to meet quarterly financial disclosure requirements via an alternative method, such as through a press release or a shortened form. (Currently, such issuers must disclose information quarterly through Form 10-Q.)

View the full vote history of this bill on GovTrack.us.

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