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H.R.4569: Disclosure Modernization and Simplification Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Scott Garrett, R-N.J.
Total Cosponsors 2 (All Republicans)
Introduced May 6, 2014
Latest Major Action Dec. 3, 2014
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Disclosure Modernization and Simplification Act of 2014 - Directs the Securities and Exchange Commission (SEC) to issue regulations permitting issuers to submit a summary page on annual and transition report form 10-K if each item on that page cross-references electronically or otherwise the material contained in form 10-K to which the item relates.

Requires the SEC to revise regulation S-K (Standard Instructions for Filing Forms under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Energy Policy and Conservation Act of 1975) in order to:

  • reduce the burden on smaller issuers, including emerging growth companies, accelerated filers, and smaller reporting companies (while still providing all material information to investors);
  • eliminate duplicative, overlapping, outdated, or unnecessary provisions; and
  • for which o further study under this Act is necessary to determine the efficacy of such revisions.

Direc...

(Source: Congressional Research Service)

Bill Actions

Date Description
Dec. 3, 2014 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec. 2, 2014 Motion to reconsider laid on the table Agreed to without objection.
Dec. 2, 2014 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8258)
Dec. 2, 2014 DEBATE - The House proceeded with forty minutes of debate on H.R. 4569.
Dec. 2, 2014 Considered under suspension of the rules. (consideration: CR H8258-8260)
Dec. 2, 2014 Mr. Garrett moved to suspend the rules and pass the bill, as amended.
Dec. 2, 2014 Placed on the Union Calendar, Calendar No. 482.
Dec. 2, 2014 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-642.
May 22, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0.
May 22, 2014 Committee Consideration and Mark-up Session Held.
May 6, 2014 Referred to the House Committee on Financial Services.
April 9, 2014 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.