# 119-s-1877: Improving Disclosure for Investors Act of 2025

119-s-1877, Improving Disclosure for Investors Act of 2025, is a 119th Congress bill sponsored by Sen. Tillis, Thomas [R-NC] (R-NC); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-1877
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1877
- Congress: 119
- Title: Improving Disclosure for Investors Act of 2025
- Status: introduced
- Introduced: 2025-05-22
- Sponsor: Sen. Tillis, Thomas [R-NC] (R-NC)
- Cosponsors: 10
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Electronic delivery of regulatory documents.** This bill would require the Securities and Exchange Commission to set rules letting many registered financial firms send prospectuses, reports, confirmations, proxy statements, privacy notices, and other required materials electronically. It sets deadlines and basic consumer protections for how electronic delivery must work. - Investors: Investors could receive core documents by email, website posting with notice, or other methods designed to ensure receipt. They would get an initial paper notice, a transition period up to 180 days, and the option to opt out and receive paper at any time. - Covered entities (funds, brokers, dealers, advisers, transfer agents, and registered funding portals): These firms would be allowed to deliver required regulatory documents electronically if they follow SEC rules. If the SEC does not finalize rules on time, firms may deliver electronically under the bill's standards and be treated as complying with delivery obligations. - Privacy for certain firms: Covered entities other than brokers, dealers, SEC-registered advisers, and investment companies must adopt measures to protect personal information in electronic deliveries. - Self-regulatory organizations: Exchanges and other SROs must update their rules to match the SEC's rules and this Act.

## Cosponsors (10)

- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2025-05-22T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2025-05-22T00:00:00.000Z
- Sen. Rounds, Mike [R-SD] (R-SD), 2025-05-22T00:00:00.000Z
- Sen. Peters, Gary C. [D-MI] (D-MI), 2025-05-22T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2025-05-22T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-05-22T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2025-07-09T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-10-23T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2025-10-23T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2026-02-03T00:00:00.000Z

## Provisions PRIA read

- New electronic delivery rules for investors: benefit, medium. If enacted, the SEC would write rules letting covered firms send required investor documents electronically. Covered firms would include registered funds, business development companies, brokers and dealers, municipal and government securities dealers, registered investment advisers, transfer agent…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-s-522: Credit Union Board Modernization Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.

## Sources
- [119-s-1877 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1877)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-s-1289)
- [119-s-522: Credit Union Board Modernization Act](https://policyrisk.com/legislation/119-s-522)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1877 (as of 2026-04-21).