A bill to require the Securities and Exchange Commission to carry out a cost benefit analysis of the use of Form 10-Q, and for other purposes.
Modernizing Disclosures for Investors Act
This bill directs the Securities and Exchange Commission to: (1) report on the costs and benefits of requiring reporting companies to use Form 10-Q to satisfy quarterly financial disclosure requirements; and (2) make recommendations for decreasing costs, increasing transparency, and increasing efficiency of quarterly financial reporting by emerging growth companies.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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