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BillHR 1799 · 119

Financial Reporting Threshold Modernization Act

Introduced
Mar 3, 2025
Cosponsors
20
Traction
0
Last Action
Mar 19, 2026

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

Barry Loudermilk
Republican · Georgia · House

Bill Journey

  1. Mar 3, 2025
  2. Mar 19, 2026You Are Here

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  3. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  4. 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

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
21backers
  • Democratic1
  • Republican20
Cross-party cosponsors1 · 5%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (20)

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeHouse Committee (sample)Sample
IntroducedMar 3, 2025
Last UpdatedMar 19, 2026
Latest ActionPlaced on the Union Calendar, Calendar No. 478.
Subjects
  • 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.