ThePolitibase
S. 3923IntroducedFINANCE AND FINANCIAL SECTOR

Dodd-Frank Material Disclosure Improvement Act

Administrative law and regulatory procedures · Africa · Democratic Republic of the Congo
Sponsor
Sen. Cramer, Kevin [R-ND]
R · ND
Key facts
Introduced: Mar 24, 2022
Chamber: Senate
Cosponsors: 1
Congress: 117th
Latest action · Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

Summary

Dodd-Frank Material Disclosure Improvement Act

This bill eliminates disclosure requirements applicable to issuers of securities. Specifically, it eliminates requirements to disclose

  • the ratio of an issuer's median employee pay to its Chief Executive Officer pay;
  • the use of conflict minerals originating in the Democratic Republic of the Congo by the issuer;
  • health and safety information of mines operated by the issuer; and
  • payments by an oil, natural gas, or mineral extractor to a foreign government or to the federal government.
Summary by Congressional Research Service.

Timeline

  1. Apr 5, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
  2. Mar 24, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  3. Mar 24, 2022
    Introduced in Senate

Cosponsors

In the News

View official record on Congress.gov →
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