United States · Bill · HR
H.R. 1815 (116th)
SEC Disclosure Effectiveness Testing Act
Introduced
18 March 2019
Last action
21 October 2019 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Rep. Casten, Sean [D-IL-6]
Subjects
Discovery layer
Source updated
28 May 2025
Summary
SEC Disclosure Effectiveness Testing Act This bill requires the Securities and Exchange Commission (SEC) to assess the usefulness of certain disclosure rules to retail investors. Specifically, the SEC must make these assessments regarding both current and new securities rules and regulations that require the disclosure of documents or information to retail investors.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 March 2019
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
18 March 2019
Introduced
Introduced in House
Source: IntroReferral
18 March 2019
Introduced
Introduced in House
Source: IntroReferral
26 March 2019
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
27 March 2019
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
28 March 2019
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 26.
Source: Committee
28 March 2019
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
20 June 2019
Calendars
Placed on the Union Calendar, Calendar No. 91.
Source: Calendars
20 June 2019
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-123.
Source: Committee
20 June 2019
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-123.
Source: Committee
15 October 2019
Reported
Rules Committee Resolution H. Res. 629 Reported to House. Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
Source: Floor
17 October 2019
Floor
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1815.
Source: Floor
17 October 2019
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
17 October 2019
Vote
On passage Passed by the Yeas and Nays: 229 - 186 (Roll no. 564).
Source: Floor
17 October 2019
Vote
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 229 - 186 (Roll no. 564).
Source: Floor
17 October 2019
Passed
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Source: Floor
17 October 2019
Floor
The previous question was ordered pursuant to the rule.
Source: Floor
17 October 2019
Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1815.
Source: Floor
17 October 2019
Floor
Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
Source: Floor
17 October 2019
Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 629 and Rule XVIII.
Source: Floor
17 October 2019
Floor
The Speaker designated the Honorable James R. Langevin to act as Chairman of the Committee.
Source: Floor
17 October 2019
Floor
Considered under the provisions of rule H. Res. 629. (consideration: CR H8209-8224; text: CR H8215-8216)
Source: Floor
21 October 2019
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
Votes
17 October 2019 · passed · On Passage · Passed · Official source
Yes 229 · No 186 · Abstain — · Absent/not voting 16
- Rep. Ferguson, A. Drew, IV [R-GA-3]Nay
- Rep. McEachin, A. Donald [D-VA-4]Not Voting
- Rep. Hastings, Alcee L. [D-FL-20]Yea
- Rep. Finkenauer, Abby [D-IA-1]Yea
Showing the first 4 recorded positions. Vote totals above are complete.
Versions
- Referred in Senate · 21 October 2019 · Download file
- Engrossed in House · 17 October 2019 · Download file
- Reported in House · 20 June 2019 · Download file
- Introduced in House · 18 March 2019 · Download file
Documents
11 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 21 October 2019
Referred in Senate (PDF)
Referred in Senate · EN · 21 October 2019
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Engrossed in House (text)
Engrossed in House · EN · 17 October 2019
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Engrossed in House (PDF)
Engrossed in House · EN · 17 October 2019
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Passed House
summary · EN · 17 October 2019
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Reported in House (text)
Reported in House · EN · 20 June 2019
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Reported in House (PDF)
Reported in House · EN · 20 June 2019
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Reported to House
summary · EN · 20 June 2019
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Introduced in House (text)
Introduced in House · EN · 18 March 2019
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Introduced in House (PDF)
Introduced in House · EN · 18 March 2019
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 18 March 2019
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Casten, Sean [D-IL-6] · D · Sponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
- related to ← Providing for consideration of the bill (H.R. 1815) to require the Securities and Exchange Commission, when developing rules and regulations about disclosures to retail investors, to conduct investor testing, including a survey and interviews of retail investors, and for other purposes, and providing for consideration of the bill (H.R. 3624) to amend the Securities Exchange Act of 1934 to require the disclosure of the total number of domestic and foreign employees of certain public companies, and for other purposes.
- amends ← Amendment sought to exempt Form CRS, a disclosure document from the bill's investor testing requirements.
- amends ← Amendment requires the SEC to include a specific consideration of the unique challenges senior investors face as part of their overall investor testing.
- amends ← Amendment sought to apply the bill's investor testing requirements only to applicable disclosure documents developed after January 21, 2021.
- amends ← An amendment numbered 4 printed in Part B of House Report 116-237 to clarify that the term retail investor does not mean an institutional investor.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/1815
- Open data entity: https://api.congress.gov/v3/bill/116/hr/1815
- us · 116-hr-1815 · source updated 28 May 2025