US HB2441

SEC must propose rules within 180 days and finalize within 1 year to allow investment companies, brokers, dealers, and investment advisers to deliver regulatory documents electronically instead of by mail

Investors not receiving electronic delivery must get an initial paper notice, then a 180-day transition period before switching to electronic, followed by up to 2 years of annual paper reminders about opting out

Investors may opt out of electronic delivery at any time and receive paper documents; covered entities must have measures to identify and fix failed electronic deliveries

Regulatory documents covered include prospectuses, annual and semi-annual reports, proxy statements, account statements, confirmations, and privacy notices

Exempts electronic delivery from the E-SIGN Act's consumer consent requirements; if SEC misses the deadline, covered entities may proceed with electronic delivery under the bill's provisions