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H.R. 1815: SEC Disclosure Effectiveness Testing Act

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To require the Securities and Exchange Commission, when developing rules and regulations about disclosures to retail investors, to conduct investor testing, including a survey and interviews of retail investors, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Sean Casten

Sponsor. Representative for Illinois's 6th congressional district. Democrat.

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Last Updated: Oct 21, 2019
Length: 10 pages
Introduced
Mar 18, 2019
Status

Passed House (Senate next) on Oct 17, 2019

This bill passed in the House on October 17, 2019 and goes to the Senate next for consideration.

Prognosis
2% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

District Connection - 10/15/19
    — Rep. Rob Woodall [R-GA7] on Oct 15, 2019

Weekly Wrapup
    — Rep. Luis Correa [D-CA46] on Oct 18, 2019

the daily leader: thursday, october 17, 2019
    — Rep. Steny Hoyer [D-MD5] on Oct 16, 2019

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates H.R. 1815 will add $156 million in new spending through 2024.

History

Mar 18, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Mar 26, 2019
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Mar 28, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jun 20, 2019
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Oct 7, 2019
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Oct 17, 2019
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 1815 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 1815 — 116th Congress: SEC Disclosure Effectiveness Testing Act.” www.GovTrack.us. 2019. December 9, 2019 <https://www.govtrack.us/congress/bills/116/hr1815>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.