HR 2441
Advanced toward a vote
Directs the Securities and Exchange Commission to write rules that let investment firms, brokers, and advisers deliver required investor documents electronically instead of on paper, with paper still available on request.
Official title: Improving Disclosure for Investors Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
27-MAR-2025
Referred
27-MAR-2025
Approved by committee
20-MAY-2025
Reported
04-JUN-2025
On the calendar
04-JUN-2025
- Requires the SEC to propose electronic delivery rules within 180 days and finalize them within 1 year of enactment.
- Requires paper notice first to investors not yet receiving documents electronically, followed by a transition period of no more than 180 days.
- Lets investors opt out of electronic delivery at any time and receive paper versions, and requires measures to identify and fix failed electronic deliveries.
- Requires self-regulatory organizations to conform their rules to the SEC's electronic delivery rules.
Current. The Congressional Research Service's summary covers the bill's latest wording (Reported to House, 04-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Financial Services Committee (House)
Finance and Financial Sector
■ 4 D■ 3 R
3 Republicans