Prioritizing Information for Investors Act

Prioritizing Information for Investors Act

This bill eliminates specified disclosure requirements for publicly traded companies. Specifically, these companies are no longer required to publicly disclose the ratio of median annual employee compensation to the annual compensation of the chief executive officer.

In addition, these companies are not required to report on the use of conflict minerals originating from the Democratic Republic of the Congo. (Conflict minerals directly or indirectly finance or benefit armed groups in specified areas.)

Finally, the bill eliminates the requirement that companies that extract resources must annually report on payments made by the company to a foreign government or the federal government for the purpose of the commercial development of oil, natural gas, or minerals.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3276 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 3276

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
   to repeal certain disclosure requirements, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 17, 2021

 Mr. Huizenga introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
   to repeal certain disclosure requirements, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prioritizing Information for 
Investors Act''.

SEC. 2. REPEAL OF CERTAIN DISCLOSURE REQUIREMENTS.

    (a) Dodd-Frank.--The Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5301 et seq.) is amended--
            (1) by repealing--
                    (A) subsection (b) of section 953;
                    (B) section 1502;
                    (C) section 1503; and
                    (D) section 1504; and
            (2) in the table of contents for the Act, by striking the 
        items relating to section 1502, 1503, and 1504.
    (b) Securities Exchange Act of 1934.--Section 13 of the Securities 
Exchange Act of 1934 (15 U.S.C. 78m) is amended--
            (1) by repealing subsections (p) and (q); and
            (2) by redesignating subsection (r) as subsection (p).
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