To provide for the electronic delivery of certain regulatory document required under the securities laws.
Sponsors
Legislative Progress
ReportedAdditional sponsors: Ms. Pettersen, Mrs. Wagner, Mrs. McClain, and Mr. …
Reported with an amendment, committed to the Committee of the …
Mr. Huizenga (for himself, Mr. Sherman, Mr. Steil, and Mr. …
Summary
What This Bill Does
Directs the SEC to allow electronic delivery of regulatory documents to investors as the default, with paper opt-out available. Establishes transition period and annual reminders about paper option.
Who Benefits and How
Investment companies save printing and mailing costs by defaulting to electronic delivery. Environmentally-conscious investors receive less paper mail. SEC reduces administrative burden of paper-based compliance.
Who Bears the Burden and How
Investors who prefer paper must actively opt out during transition period. Less tech-savvy investors may miss important documents. Investment companies must implement electronic delivery infrastructure.
Key Provisions
- Allows electronic delivery as default for regulatory documents
- Provides 180-day transition period for existing paper recipients
- Requires annual paper reminders for 2 years after transition
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 investment companies to deliver regulatory documents electronically to investors by default
Policy Domains
Legislative Strategy
"Modernize investor communications with electronic default"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "commission"
- → Securities and Exchange Commission
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