Wagner Introduces Modernizing Disclosures for Investors Act

Press Release

Congresswoman Ann Wagner (R-MO), Vice Ranking Member of the House Financial Services Committee, released the following statement after she introduced the Modernizing Disclosures for Investors Act, legislation that would require the SEC to implement rules simplifying the quarterly financial reporting regime for SEC registrants. This would allow issuers of securities traded on a national securities exchange to disclose quarterly financial information in a simplified manner.

"Current reporting requirements can be overly burdensome for companies, especially for smaller and emerging businesses who may not have the resources to adequately manage the complex reports the SEC requires. My legislation would institute appropriate reforms and simplify the disclosure process. These reforms would benefit both businesses and Main Street investors by lowering administrative burdens on companies and increasing transparency for investors looking to make informed and sound choices."

Source