H.R.5970: Modernizing Disclosures for Investors Act

About This Bill

  • Introduced May 24, 2018
  • Latest Major Action July 11, 2018

Bill Sponsor

Bill Summary

Modernizing Disclosures for Investors Act (Sec. 2) This bill directs the Securities and Exchange Commission to: (1) report on the costs and benefits of requiring reporting companies to use Form 10-Q to satisfy quarterly financial disclosure requirements; and (2) make recommendations for decreasing costs, increasing transparency, and increasing efficiency of quarterly financial reporting by emerging growth companies.

(Source: Congressional Research Service)

What Lawmakers Are Saying About This Bill

There are 4 statements associated with H.R.5970.

Bill Actions

Date Description
July 11, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
July 10, 2018
The title of the measure was amended. Agreed to without objection.
July 10, 2018
Motion to reconsider laid on the table Agreed to without objection. (text: CR H6013)
July 10, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
July 10, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 5970.
July 10, 2018
Considered under suspension of the rules. (consideration: CR H6013-6015)
July 10, 2018
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
July 10, 2018
Placed on the Union Calendar, Calendar No. 630.
July 10, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-811.
June 21, 2018
Committee Consideration and Mark-up Session Held.
June 21, 2018
Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 0.
May 24, 2018
Referred to the House Committee on Financial Services.
May 24, 2018

Introduced in the House by Ann Wagner (R-Mo.)

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