Improving Disclosure for Investors Act of 2025
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Summary
This bill directs the Securities and Exchange Commission to establish rules allowing investment companies, brokers, dealers, investment advisers, and other covered financial entities to deliver required regulatory documents to investors electronically rather than in paper form. The SEC must propose rules within 180 days and finalize them within one year, with provisions for investor opt-out rights, transition periods, failed delivery remediation, and readability standards. The bill also requires the SEC to review existing regulations to identify and amend any requirements for written document delivery to align with electronic delivery options.
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