Financial Reporting Threshold Modernization Act
Bill Summary
Updates the thresholds for financial reporting requirements to reflect current economic conditions. Requires companies to disclose certain financial information based on these new thresholds.
Sponsored By
Bill Journey
- Mar 3, 2025
- Mar 19, 2026You Are Here
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects publicly traded companies and other entities that must disclose financial information, potentially reducing their reporting burden. It may also impact investors and regulators who rely on this financial information to make informed decisions.
Impact Areas
Support & Opposition
- Democratic1
- Republican20
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (20)
- Andy BarrRepublican · KY
- Troy DowningRepublican · MT
- Tim MooreRepublican · NC
- John W. RoseRepublican · TN
Show all 16 moreShow less
- Gus M. BilirakisRepublican · FL
- Mike CollinsRepublican · GA
- Earl L. "Buddy" CarterRepublican · GA
- Russ FulcherRepublican · ID
- Thomas MassieRepublican · KY
- Nicholas J. Begich IIIRepublican · AK
- Darren SotoDemocrat · FL
- Charles J. "Chuck" FleischmannRepublican · TN
- Zachary NunnRepublican · IA
- Sheri BiggsRepublican · SC
- Mike RogersRepublican · AL
- Mike EzellRepublican · MS
- Richard HudsonRepublican · NC
- Diana HarshbargerRepublican · TN
- Celeste MaloyRepublican · UT
- Pat HarriganRepublican · NC
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.




















