H.R. 3504 would authorize the Securities and Exchange Commission to permit or require persons filing or furnishing information under the securities laws to make such information available on internet websites, in addition to or instead of including such information in filings with or submissions to the Commission, under such conditions as the Commission may specify by rule.

== Detailed Summary ==

<summary>
(LogTransparency in to editCorporate Filings Act - Amends the wikiSecurities Act of 1933, the Securities Exchange Act of 1934, and be the firstInvestment Company Act of 1940, with respect to mandatory public disclosures in either registration statements, prospectuses, reports, or broadcasts, to authorize the Securities and Exchange Commission (SEC) to provide that a detailed summarydisclosure form, periodic report, or document need not be filed if the SEC has otherwise prescribed another means for public disclosure of such information (including, by implication, on an Internet website).

Amends the Investment Company Act of 1940 to authorize the SEC to: (1) permit or require one or more alternative means of public disclosure (including, by implication, on an Internet website) in lieu of, or in addition to, filing with the SEC or transmitting to security holders a registration statement, prospectus, application, report, account, record, or other document; and (2) determine whether any information so disclosed shall be deemed filed or transmitted under the bill!)Act.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 12/10/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
</status>

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== Points in Favor ==

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== Points Against ==

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