,i  #aah? ,,congress  #a/ ,session  ,h4 
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,,repres5tatives  ,july #ac1 #bjbc,mr4  
,mooney introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d !         
,securities ,ex*ange ,act ( #aicd to    
require ! ,securities & ,ex*ange        
,commission to disclose & report on     
non-mat]ial disclosure m&ates1 & = o!r  
purposes4  #a4 ,,sec ju/ification (     
non-mat]ial disclosure m&ates ,section  
#bc ( ! ,securities ,ex*ange ,act (     
#aicd 7#ae ,u4,s4,c4 #ghw7 is am5d$ by  
add+ at ! end ! foll[+3  7e7            
,non-,mat]ial disclosure m&ates  7#a7   
,disclosure ,! ,commission %all ma9ta9 a
 li/ on ! website ( ! ,commission t     
conta9s-- 7,a7 ea* m&ate "u ! ,f$]al    
securities laws & regulations t requires
 ! disclosure ( non-mat]ial in=mation2 &
  7,b7 = ea* su* disclosure m&ate1 an   
explanation ( :y ! m&ate is requir$4    
7#b7 ,/udy & report ,! ,commission %all1
 e #e ye>s1 issue a report to !         

,congress ju/ify+ ea* disclosure conta9$
 on ! li/ requir$ "u p>agraph 7#a74     
7#c7 ,no private liability = fail+ to   
make a non-mat]ial disclosure ,a p]son  
:o fails to disclose non-mat]ial        
in=mation requir$ to be disclos$ "u !   
,f$]al securities laws or regulations   
%all n be liable = su* failure 9 any    
private action4  4