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Bill requiring SEC to test disclosure effectiveness clears House

The House has voted 229-186 to pass a bill that would require the Securities and Exchange Commission to test disclosures it adopts to determine whether they give retail investors necessary information. The bill's sponsor, Rep. Sean Casten, D-Ill., says the measure "ensures that brokers would share information in a way that allows you to make the best investment decision for you and your family."

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