3.0.0 4569 2023-01-11T13:25:16Z 2023-01-11T13:25:16Z House H HR 2014-05-06 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARRETT:H.R. 4569.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 1 (``The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States''),3 (``To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes''), and 18 (``Tomake all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof'').[Page H3447]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2014-12-03T20:16:24Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2014-04-09T20:50:50Z Reported by 2014-12-02T16:49:37Z Markup by 2014-05-22T15:50:56Z Referred to 2014-05-06T16:02:15Z H. Rept. 113-642 Promoting Job Creation and Reducing Small Business Burdens Act 113 5405 HR 2014-09-17 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2014-12-03 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2014-12-02 15:34:50 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2014-12-02 15:34:48 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8258) Floor H37300 2 House floor actions 2014-12-02 15:34:48 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8258) Floor 8000 9 Library of Congress 2014-12-02 15:20:56 DEBATE - The House proceeded with forty minutes of debate on H.R. 4569. Floor H8D000 2 House floor actions 2014-12-02 15:20:53 Considered under suspension of the rules. (consideration: CR H8258-8260) Floor H30000 2 House floor actions 2014-12-02 15:20:37 Mr. Garrett moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2014-12-02 Placed on the Union Calendar, Calendar No. 482. Calendars H12410 2 House floor actions U00482 2014-12-02 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-642. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2014-12-02 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-642. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2014-05-22 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0. Committee 2014-05-22 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2014-05-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-06 Introduced in House IntroReferral 1000 9 Library of Congress 2014-04-09 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. Committee G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 N H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2014-05-06 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2014-05-21 False Finance and Financial Sector Administrative law and regulatory procedures Business records Congressional oversight Corporate finance and management Financial services and investments Government information and archives Government studies and investigations Securities Securities and Exchange Commission (SEC) Small business Finance and Financial Sector 00 2014-05-06 Introduced in House 2014-07-18T15:21:53Z Disclosure Modernization and Simplification Act of 2014 - Directs the Securities and Exchange Commission (SEC) to: (1) 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 the material contained in form 10-K; (2) revise regulation S-K in order to reduce the burden on smaller issuers, including emerging growth companies, accelerated filers, and smaller reporting companies; and (3) eliminate duplicative, overlapping, outdated, or unnecessary provisions in regulation S-K.

Directs the SEC to study ways to: (1) modernize and simplify the requirements in regulation S-K, (2) improve the readability and navigability of disclosure documents, and (3) discourage repetition and disclosure of immaterial information.

]]> 36 2014-12-02 Passed House amended 2014-12-08T20:25:56Z Disclosure Modernization and Simplification Act of 2014 - 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);
  • eliminate duplicative, overlapping, outdated, or unnecessary provisions; and
  • for which o further study under this Act is necessary to determine the efficacy of such revisions.

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 on the study.

]]> Disclosure Modernization and Simplification Act of 2014 Display Title Disclosure Modernization and Simplification Act of 2014 Official Title as Introduced To require the Securities and Exchange Commission to make certain improvements to form 10-K and regulation S-K, and for other purposes. Introduced in House IH Short Titles as Introduced Disclosure Modernization and Simplification Act of 2014 Short Titles as Reported to House Disclosure Modernization and Simplification Act of 2014 H House Short Titles as Passed House Disclosure Modernization and Simplification Act of 2014 H House Referred in Senate 2014-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4569rfs/xml/BILLS-113hr4569rfs.xml Engrossed in House 2014-12-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4569eh/xml/BILLS-113hr4569eh.xml Reported in House 2014-12-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4569rh/xml/BILLS-113hr4569rh.xml Introduced in House 2014-05-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4569ih/xml/BILLS-113hr4569ih.xml 2014-12-03 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.