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House reintroduces bill allowing RIAs to transmit electronic documents by default

U.S. Rep. Bill Huizenga (R-MI) in a House Financial Services Committee Hearing at the Rayburn House Office Building in Washington, DC.
Bill Huizenga (R-MI). Photo: Kevin Dietsch/Getty Images

The Improving Disclosure for Investors Act has bipartisan support.

A bipartisan bill that would direct the SEC to allow registered investment companies (RIAs) to submit regulatory documents electronically “by default,” as opposed to requiring investors to opt in, has been introduced by Bill Huizenga (R-MI), Vice Chairman of the House Financial Services Committee,

Under current SEC rules, investors have

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