H.R. 2441 · 119th Congress

Improving Disclosure for Investors Act of 2025

Introduced on Mar 27, 2025 by Bill Huizenga (R-MI-4). 7 cosponsors, 4 of them from another party. Latest action (Jun 4, 2025): Placed on the Union Calendar, Calendar No. 105.

Stage
Reported by committee
Introduced
Mar 27, 2025
Cosponsors
7
4 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. 3Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To provide for the electronic delivery of certain regulatory document required under the securities laws.

Subjects

  • Business records
  • Computers and information technology
  • Corporate finance and management
  • Securities

Summary

By the Congressional Research Service (Reported to House, Jun 4, 2025). Public domain.

Improving Disclosure for Investors Act of 2025

This bill requires the Securities and Exchange Commission (SEC) to propose and finalize rules to allow entities to deliver regulatory documents to investors electronically. The SEC must establish a mechanism for investors to opt out of electronic delivery and receive paper documents instead. If the SEC does not finalize rules within one year after enactment, the bill allows for electronic delivery of these documents.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Bill HuizengaR-MI-4Sponsor

Democrats · 4

Republicans · 3

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Mar 27, 2025Introduced in House
  2. Mar 27, 2025Introduced in House
  3. Mar 27, 2025 · HouseReferred to the House Committee on Financial Services.
  4. May 20, 2025 · HouseCommittee Consideration and Mark-up Session Held
  5. May 20, 2025 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 39 - 11.
  6. Jun 4, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-136.
  7. Jun 4, 2025 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-136.
  8. Jun 4, 2025 · HousePlaced on the Union Calendar, Calendar No. 105.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. LPL FINANCIAL LLC14 reports
    $3.2M reported (all issues)
  2. THE VANGUARD GROUP11 reports
    $3.6M reported (all issues)
  3. John Hancock Life Insurance Company (U.S.A)10 reports
    $2M reported (all issues)Federal contractor: JOHN HANCOCK LIFE INSURANCE CO.AI match · 100%
  4. ENVELOPE MANUFACTURERS ASSOCIATION8 reports
    $80K reported (all issues)
  5. AMERICAN COUNCIL OF LIFE INSURERS6 reports
    $9.5M reported (all issues)
  6. AMERICAN SECURITIES ASSOCIATION6 reports
    $530K reported (all issues)
  7. AMERIPRISE FINANCIAL INC.6 reports
    $2.2M reported (all issues)
  8. CMFG LIFE INSURANCE COMPANY6 reports
    $740K reported (all issues)
  9. FMR LLC6 reports
    $4.5M reported (all issues)
  10. FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON)6 reports
    $1.7M reported (all issues)
  11. INSURED RETIREMENT INSTITUTE6 reports
    $1.1M reported (all issues)
  12. INVESTMENT COMPANY INSTITUTE6 reports
    $4.9M reported (all issues)
  13. LINCOLN NATIONAL CORPORATION6 reports
    $2M reported (all issues)
  14. NASDAQ, INC.6 reports
    $4.4M reported (all issues)
  15. PACIFIC LIFE INSURANCE COMPANY6 reports
    $2.4M reported (all issues)
  16. PRINTING UNITED ALLIANCE6 reports
    $300K reported (all issues)
  17. Principal Financial Group6 reports
    $3.7M reported (all issues)
  18. SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION6 reports
    $12.9M reported (all issues)
  19. TRANSAMERICA6 reports
    $1.2M reported (all issues)
  20. The Charles Schwab Corporation6 reports
    $3.6M reported (all issues)
  21. AARP5 reports
    $22.2M reported (all issues)
  22. AMERICAN FOREST & PAPER ASSOCIATION5 reports
    $3.5M reported (all issues)
  23. American Bankers Association5 reports
    $12.5M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  24. Chamber of Commerce of the U.S.A.5 reports
    $87.7M reported (all issues)
  25. Primerica Life Insurance Company5 reports
    $2.3M reported (all issues)
  26. NATIONWIDE MUTUAL INSURANCE COMPANY4 reports
    $3.6M reported (all issues)
  27. Sylvamo North America, LLC4 reports
    $4.4M reported (all issues)
  28. Investment Company Institute (ICI)3 reports
    $60K reported (all issues)
  29. PRUDENTIAL FINANCIAL, INC.3 reports
    $1.2M reported (all issues)
  30. SYMETRA LIFE INSURANCE COMPANY3 reports
    $10K reported (all issues)
  31. Securities Industry and Financial Markets Association (SIFMA)3 reports
    $150K reported (all issues)
  32. SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)2 reports
    $120K reported (all issues)
  33. Americans for Financial Reform1 report
    $150K reported (all issues)
  34. BANK OF AMERICA CORPORATION1 report
    $350K reported (all issues)Federal contractor: BANK OF AMERICA, NATIONAL ASSOCIATIONAI match · 99%
  35. COREBRIDGE FINANCIAL, INC.1 report
    $190K reported (all issues)
  36. THE NEW ENGLAND COUNCIL1 report
    $10K reported (all issues)

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 10, 2026 · loaded Oct 10, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 10, 2026 · loaded Oct 10, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.