Transparency in Corporate Filings Act

To authorize the Securities and Exchange Commission to permit or require persons filing or furnishing information under the securities laws to make such information available on internet websites, in addition to or instead of including such information in filings with or submissions to the Commission, under such conditions as the Commission may specify by rule.

9/7/2007--Introduced.
Transparency in Corporate Filings Act - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940, with respect to mandatory public disclosures in either registration statements, prospectuses, reports, or broadcasts, to authorize the Securities and Exchange Commission (SEC) to provide that a disclosure form, periodic report, or document need not be filed if the SEC has otherwise prescribed another means for public disclosure of such information (including, by implication, on an Internet website). Amends the Investment Company Act of 1940 to authorize the SEC to:
(1) permit or require one or more alternative means of public disclosure (including, by implication, on an Internet website) in lieu of, or in addition to, filing with the SEC or transmitting to security holders a registration statement, prospectus, application, report, account, record, or other document; and
(2) determine whether any information so disclosed shall be deemed filed or transmitted under the Act.


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Sponsor

• Rep. Peter Roskam [R, IL-6]

Committees

• House Financial Services
• 1 more
  • House Financial Services
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Amendments

This bill has no amendments.

Amendments to H.R.3504

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
September 07, 2007

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All Bill Actions

• Dec 10, 2007: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
• Sep 07, 2007: Referred to the House Committee on Financial Services.
• Introduced on Sep 07, 2007.

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Related Issue Areas:

• Web sites
• Telecommunication
• Technology
• Stockholders
• 10 more
• Securities regulation
• Mutual funds
• Information disclosure (Securities law)
• Government paperwork
• Government information
• Financial statements
• Corporations
• Corporate finance
• Business
• Finance

Data from the Congressional Research Service

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September 06, 2007 bill action: introduced: hr 3504: to authorize the securities and ...

peter roskam [r-il] introduced hr 3504: to authorize the securities and exchange commission to permit or require persons filing or furnishing information under the securities laws to make such information available on internet websites, ...

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September 06, 2007 HR 3504, To authorize the Securities and Exchange Commission to ...

HR 3504 would authorize the Securities and Exchange Commission to permit or require persons filing or furnishing information under the securities laws to make such information available on internet websites, in addition to or instead of ...

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September 06, 2007 Bill Introduced: HR3504 Transparency in Corporate Filings Act

To authorize the Securities and Exchange Commission to permit or require persons filing or furnishing information under the securities laws to make such information available on internet websites, in addition to or instead of including ...

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Source: Open Congress : Capital Markets, Insurance...

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