Mandatory Materiality Requirement Act of 2022
Summary
Mandatory Materiality Requirement Act of 2022 This bill limits additional disclosure requirements applicable to issuers of securities. Specifically, the Securities and Exchange Commission may only require an additional disclosure if the commission determines that there is a substantial likelihood that a reasonable investor of the issuer would consider the information important with respect to an investment decision.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2022
Committee Review
Floor Vote
President
Introduced Sep 29, 2022
Last action Dec 13, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Dec 13, 2022
Upper · Passed
Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
upper
Sep 29, 2022
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Sep 29, 2022
Introduced
Introduced in Senate
upper
1 primary · 7 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about S 5005
Scope: US
Hi! I can help you understand S 5005. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline