This bill would direct the Securities and Exchange Commission to revise regulations to require an issuer to provide investors with additional disclosures regarding compensatory benefit plans if the total value of securities issued during the last 12 months exceeds $10 million.
The value of the securities sales that triggers the disclosure would be raised from $5 million to its new level of $10 million, and would be indexed to inflation every five years then rounded to the nearest $1 million going forward.
This change would take effect within 60 days of the enactment of this legislation.