,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cibc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bd1    
#bjbb,mr4 ,cramer 7for himself and ,mr4 
,tillis7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to amend   
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act to repeal
 certain provisions requiring           
non-material disclosure1 and for other  
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,dodd-,frank        
,material ,disclosure ,improvement ,act4
  #b4 ,striking of provisions of the    
,investor ,protection and ,securities   
,reform ,act of #bjaj  7a7 ,in general  
,section #iec of the ,investor          
,protection and ,securities ,reform ,act
 of #bjaj 7,public ,law #aaa-ajc2 #abd  
,stat4 #aijc7 is amended-- 7#a7 in      
subsection 7a71 by striking ,disclosure 
of pay versus performance4--2 and  7#b7 
by striking subsection 7b74  7b7 ,rules 

,the ,securities and ,exchange          
,commission shall repeal any rule1      
including any amendment to any rule of  
the ,commission1 issued under section   
#iec7;b7 of the ,investor ,protection   
and ,securities ,reform ,act of #bjaj   
7#ae ,u4,s4,c4 #ghl note71 as in effect 
as of the day before the date of        
enactment of this ,act4  7c7            
,prohibition on substantially similar   
rules ,the ,securities and ,exchange    
,commission may not promulgate any rule 
that is substantially similar to a rule 
that is repealed under subsection 7b74  
#c4 ,striking of sections of title ,,xv 
of the ,dodd-,frank ,wall ,street       
,reform and ,consumer ,protection ,act  
7a7 ,in general  7#a7 ,dodd-,frank ,wall
 ,street ,reform and ,consumer          
,protection ,act ,title ,,xv of the     
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7,public ,law
 #aaa-bjc7 is amended-- 7,a7 by striking
 section #aejb 7#ae ,u4,s4,c4 #ghm      
note72  7,b7 by striking section #aejc  

7#ae ,u4,s4,c4 #ghm-#b72 and  7,c7 by   
striking section #aejd4  7b7 ,securities
 ,exchange ,act of #aicd ,section #ac of
 the ,securities ,exchange ,act of #aicd
 7#ae ,u4,s4,c4 #ghm7 is amended-- 7#a7 
by striking subsections 7p7 and 7q72 and
  7#b7 by redesignating subsection 7r7  
as subsection 7p74  7c7 ,repeal of rules
 issued under applicable provisions ,the
 ,securities and ,exchange ,commission  
shall repeal any rule1 including any    
amendment to any rule of the            
,commission1 issued under-- 7#a7 section
 #aejb1 #aejc1 or #aejd of the          
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7,public ,law
 #aaa-bjc71 as in effect as of the day  
before the date of enactment of this    
,act2 or  7#b7 subsection 7p7 or 7q7 of 
section #ac of the ,securities ,exchange
 ,act of #aicd 7#ae ,u4,s4,c4 #ghm71 as 
in effect as of the day before the date 
of enactment of this ,act4  7d7         
,prohibition on substantially similar   
rules ,the ,securities and ,exchange    

,commission may not promulgate any rule 
that is substantially similar to a rule 
that is repealed under subsection 7c74  
7e7 ,clerical amendment ,the table of   
contents in section #a7;b7 of the       
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act is amended by
 striking the items relating to sections
 #aejb1 #aejc1 and #aejd4