# 114-hr-1525: Disclosure Modernization and Simplification Act of 2015

114-hr-1525, Disclosure Modernization and Simplification Act of 2015, is a 114th Congress bill sponsored by Rep. Garrett, Scott [R-NJ-5] (R-NJ); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-1525
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-1525
- Congress: 114
- Title: Disclosure Modernization and Simplification Act of 2015
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2015-03-23
- Sponsor: Rep. Garrett, Scott [R-NJ-5] (R-NJ)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Disclosure Modernization and Simplification Act of 2015 Directs the Securities and Exchange Commission (SEC) to issue regulations permitting issuers to submit a summary page on annual and transition report form 10-K if each item on that page cross-references electronically or otherwise the material contained in form 10-K to which the item relates. Requires the SEC to revise regulation S-K (Standard Instructions for Filing Forms under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Energy Policy and Conservation Act of 1975) in order to: reduce the burden on smaller issuers, including emerging growth companies, accelerated filers, and smaller reporting companies (while still providing all material information to investors); and eliminate duplicative, overlapping, outdated, or unnecessary provisions. Directs the SEC to study ways to: (1) modernize and simplify requirements in regulation S-K, and (2) evaluate information delivery and presentation methods as well as explore methods to discourage repetition and disclosure of immaterial information. Requires the SEC to issue a proposed rule to implement any recommendations it makes to Congress based upon the study.

## Related bills

- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-6251: PCAOB Enforcement Transparency Act of 2016
- 114-hr-6100: Protect Family Farms and Businesses Act
- 114-hr-6047: Taiwan Travel Act
- 114-hr-5983: Financial CHOICE Act of 2016
- 114-hr-5949: Victims Before Ransom Act

## Sources
- [114-hr-1525 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/1525)

## Related
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-6251: PCAOB Enforcement Transparency Act of 2016](https://policyrisk.com/legislation/114-hr-6251)
- [114-hr-6100: Protect Family Farms and Businesses Act](https://policyrisk.com/legislation/114-hr-6100)
- [114-hr-6047: Taiwan Travel Act](https://policyrisk.com/legislation/114-hr-6047)
- [114-hr-5983: Financial CHOICE Act of 2016](https://policyrisk.com/legislation/114-hr-5983)
- [114-hr-5949: Victims Before Ransom Act](https://policyrisk.com/legislation/114-hr-5949)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-1525 (as of 2025-11-18).