H.R. 5970: Modernizing Disclosures for Investors Act
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.)
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