This bill would allow companies issuing securities (like stocks and bonds) to submit a summary page that cross references information found their 10-K financial statement.
The Securities and Exchange Commission (SEC) would be required to revise regulation S-K, which covers the filing of financial statements, in order to:
Reduce the burden on small issuers of securities -- including emerging growth companies, accelerated filers, and smaller reporting companies.
Eliminate duplicative, overlapping, outdated, or unnecessary provisions.
This bill would also direct the SEC to study ways to modernize and simplify requirements in regulation S-K, and to evaluate better presentation methods while discouraging repetition and the inclusion of unnecessary information.