Disclosure Modernization and Simplification Act of 2015

Summary

Disclosure Modernization and Simplification Act of 2015 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companies (while still providing all material information to investors); and eliminate duplicative, overlapping, outdated, or unnecessary provisions. Directs the SEC to study ways to: (1) modernize and simplify requirements in regulation S-K, and (2) evaluate information delivery and presentation methods as well as explore methods to discourage repetition and disclosure of immaterial information. Requires the SEC to issue a proposed rule to implement any recommendations it makes to Congress based upon the study.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 March 2015

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 23 March 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 March 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 April 2015

   Committee

   Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

   Source: Committee

5. 20 May 2015

   Vote

   Ordered to be Reported by the Yeas and Nays: 60 - 0.

   Source: Committee

6. 20 May 2015

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

7. 6 October 2015

   Floor

   Considered under suspension of the rules. (consideration: CR H6804-6805)

   Source: Floor

8. 6 October 2015

   Floor

   Mr. Garrett moved to suspend the rules and pass the bill.

   Source: Floor

9. 6 October 2015

   Calendars

   Placed on the Union Calendar, Calendar No. 211.

   Source: Calendars

10. 6 October 2015

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

11. 6 October 2015

    Passed

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6804)

    Source: Floor

12. 6 October 2015

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6804)

    Source: Floor

13. 6 October 2015

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1525.

    Source: Floor

14. 6 October 2015

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-279.

    Source: Committee

15. 6 October 2015

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-279.

    Source: Committee

16. 7 October 2015

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 7 October 2015 · Official file
• Reported in House · 6 October 2015 · Official file
• Engrossed in House · 6 October 2015 · Official file
• Introduced in House · 23 March 2015 · Official file

Documents

10 official files

• Referred in Senate (text)

  Referred in Senate · EN · 7 October 2015

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 7 October 2015

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Reported in House (text)

  Reported in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Passed House without amendment

  summary · EN · 6 October 2015

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 23 March 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 March 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 March 2015

  Open at official source

Sponsors

• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Promoting Job Creation and Reducing Small Business Burdens Act
• related to → FAST Act