AI Impersonation Prevention Act of 2025

House Bill

H.R. 4628

119th Congress

AI Impersonation Prevention Act of 2025

In Committee

Introduced:Jul 23, 2025

Primary Sponsor

Mary Gay Scanlon

Representative

Democratic

PA-5

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would change the rules around what financial information companies have to disclose to the public. It would require the Securities and Exchange Commission (SEC) to report on its website every required disclosure of minor details, and it would say that companies can't be sued for failing to share those minor details.

Latest Action

Referred to the House Committee on Financial Services.

SponsorMary Gay Scanlon (D-PA)

Introduced7/23/2025

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

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Vote Prediction

AI Impersonation Prevention Act of 2025

This bill would change the rules around what financial information companies have to disclose to the public. It would require the Securities and Exchange Commission (SEC) to report on its website every required disclosure of minor details, and it would say tha

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This bill would change the rules around what financial information companies have to disclose to the public. It would require the Securities and Exchange Commission (SEC) to report on its website every required disclosure of minor details, and it would say that companies can't be sued for failing to share those minor details.

Bill Number: 4628
Sponsor: Mary Gay Scanlon (D-PA)
Introduced: 7/23/2025
Status: Referred to the House Committee on the Judiciary.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: AI Impersonation Prevention Act of 2025
Bill Number: 4628
Sponsor: Mary Gay Scanlon (D-PA)
Status: Referred to the House Committee on the Judiciary.
Introduced: 7/23/2025
Summary: This bill would change the rules around what financial information companies have to disclose to the public. It would require the Securities and Exchange Commission (SEC) to report on its website every required disclosure of minor details, and it would say that companies can't be sued for failing to

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change the rules around what financial information companies have to disclose to the public. It would require the Securities and Exchange Commission (SEC) to report on its website every required disclosure of minor details, and it would say that companies can't be sued for failing to share those minor details.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

<p>This bill requires the Securities and Exchange Commission (SEC) to report on its website each required disclosure of nonmaterial information under federal securities laws and regulations and a justification for the disclosure. The SEC must also report this information to Congress every five years. </p> <p>The bill also establishes that a person's failure to disclose such nonmaterial information is not a liability in a private action. </p>

Key Points

Main provisions of the bill

The bill requires the SEC to report on its website every required disclosure of minor, unimportant financial information and explain why that information needs to be disclosed.
The bill also says that companies can't be sued for failing to disclose those minor details.
The goal is to reduce the amount of information companies have to share publicly, which supporters say is burdensome.

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would affect public companies and the investors who rely on the information they disclose. Reducing the amount of required disclosures could make it harder for investors to fully understand a company's financial health and risks. However, supporters argue it would reduce unnecessary regulatory burdens on businesses.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4628, 119th Congress (2025). "AI Impersonation Prevention Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4628

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