Reporting Requirements Reduction Act of 2022

Bill: 117-s-3919
Sponsor: full_name: Sen. Tillis, Thomas [R-NC]
Introduced: 2022-03-24
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Financial services and investments

Securities

Securities and Exchange Commission (SEC)
Latest action: action_date: 2022-12-13
text: Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.

Summaries:
action_date: 2022-03-24
action_desc: Introduced in Senate
text: <p><strong>Reporting Requirements Reduction Act of 2022 </strong></p> <p>This bill allows an issuer of securities to file financial statements and other disclosure reports semiannually instead of quarterly. </p>

tv_txt: II 117th CONGRESS 2d Session S. 3919 IN THE SENATE OF THE UNITED STATES March 24, 2022 Mr. Tillis introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Securities Exchange Act of 1934 to provide that an issuer that is required to file certain quarterly reports may elect to file those reports semiannually.

1. Short title This Act may be cited as the Reporting Requirements Reduction Act of 2022 . 2. Semiannual reports Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ) is amended by adding at the end the following: (s) Issuer election With respect to any report that, under this section, or under a rule issued under this section, an issuer is required to file on a quarterly basis, the issuer may elect to instead file the report on a semiannual basis. .