Sec. 72003. STUDY ON MODERNIZATION AND SIMPLIFICATION OF REGULATION S-K
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## SEC. 72003 STUDY ON MODERNIZATION AND SIMPLIFICATION OF REGULATION S-K **[**[15 U.S.C. 77s note](/us/usc/t15/s77s)**]** ###
(a)Study The Securities and Exchange Commission shall carry out a study of the requirements contained in regulation S-K (17 CFR 229.10 et seq.). Such study shall— ####
(1)determine how best to modernize and simplify such requirements in a manner that reduces the costs and burdens on issuers while still providing all material information; ####
(2)emphasize a company by company approach that allows relevant and material information to be disseminated to investors without boilerplate language or static requirements while preserving completeness and comparability of information across registrants; and ####
(3)evaluate methods of information delivery and presentation and explore methods for discouraging repetition and the disclosure of immaterial information. ###
(b)Consultation In conducting the study required under subsection (a), the Commission shall consult with the Investor Advisory Committee and the Advisory Committee on Small and Emerging Companies. ###
(c)Report Not later than the end of the 360-day period beginning on the date of enactment of this Act, the Commission shall issue a report to the Congress containing— ####
(1)all findings and determinations made in carrying out the study required under subsection (a); ####
(2)specific and detailed recommendations on modernizing and simplifying the requirements in regulation S-K in a manner that reduces the costs and burdens on companies while still providing all material information; and ####
(3)specific and detailed recommendations on ways to improve the readability and navigability of disclosure documents and to discourage repetition and the disclosure of immaterial information. ###
(d)Rulemaking Not later than the end of the 360-day period beginning on the date that the report is issued to the Congress under subsection (c), the Commission shall issue a proposed rule to implement the recommendations of the report issued under subsection (c). ###
(e)Rule of Construction Revisions made to regulation S-K by the Commission under section 202 shall not be construed as satisfying the rulemaking requirements under this section. # TITLE LXXIII BULLION AND COLLECTIBLE COIN PRODUCTION EFFICIENCY AND COST SAVINGS
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