To direct the Securities and Exchange Commission to promulgate rules with respect to the electronic delivery of certain required disclosures, and for other purposes.
Sponsors
Legislative Progress
ReportedAdditional sponsor: Mr. Rutherford
Reported with an amendment, committed to the Committee of the …
Mr. Huizenga (for himself, Mr. Auchincloss, Mr. Steil, and Mr. …
Summary
What This Bill Does
Requires SEC to issue rules allowing investment firms to deliver regulatory documents electronically by default. Investors can opt out to receive paper documents.
Who Benefits and How
- Securities firms reduce printing and mailing costs
- Investors preferring digital receive faster document access
- Environment benefits from reduced paper use
Who Bears the Burden and How
- SEC must finalize rules within 1 year
- Investors preferring paper must affirmatively opt out
- Securities firms must implement electronic delivery systems
Key Provisions
- Electronic delivery as default with investor opt-out
- 180-day transition period with paper notice
- 2-year annual paper reminder of opt-out right
- Requirements for readability and failed delivery remediation
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Allows securities entities to satisfy delivery obligations through electronic delivery with investor opt-out rights
Policy Domains
Legislative Strategy
"Modernize securities delivery while preserving investor choice"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → SEC
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology