In the News

The House Financial Services Committee advanced a series of bills Wednesday aimed at revising different aspects of the SEC, including one that would direct the agency to propose rules allowing regulated entities to electronically deliver required documents to investors by default.

The Improving Disclosure for Investors Act, originally introduced in December, was reintroduced in March by Reps. Bill Huizenga, R-Mich.; Jake Auchincloss, D-Mass.; Bryan Steil, R-Wis.; and Wiley Nickel, D-N.C. The bill passed the committee via a voice vote following a tense debate over the proposed legislation.

…

"At a time when protecting our environment is essential, why would we still require paper disclosures when the vast majority of consumers prefer e-delivery?" Mr. Nickel said at the bill markup.

…