Sec. 201. SEC justification of non-material disclosure mandates
121 words·~1 min read·
/bill/118/hr/4790/rh/section-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 23 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78w ) is amended by adding at the end the following: The Commission shall maintain a list on the website of the Commission that contains— each mandate under the Federal securities laws and regulations that requires the disclosure of non-material information; and for each such disclosure mandate, an explanation of why the mandate is required. The Commission shall, every 5 years, issue a report to the Congress justifying each disclosure contained on the list required under paragraph (1).
A person who fails to disclose non-material information required to be disclosed under the Federal securities laws or regulations shall not be liable for such failure in any private action. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 201
SEC justification of non-material disclosure mandates
Cites 1Cited by 0 across 0 sources