A large group of NIRI members and staff came to the nation’s capital to advocate before Congress and the SEC on behalf of the investor relations profession and public companies.


A NIRI delegation visits the office of Representative Hillary Scholten of Michigan.


Committee. Te SEC has formal advisory commit- tees for many capital markets constituencies such as institutional investors, asset managers, and fixed income managers, but not public companies. NIRI believes the SEC would benefit from the perspec- tive of public companies outside of the comment letter process in SEC rulemaking and joined with the Society for Corporate Governance to introduce a bill, H.R. 4652, to establish this committee. Te bill has garnered bipartisan support in the House and efforts are underway to move it forward in the Senate.


niri.org/ irupdate


Members also asked Congress to support a Peti-


tion for Rulemaking aimed at modernizing Section 13(f) of the Securities Exchange Act. Tis petition proposes shortening the current 45-day disclosure period for investment managers with over $100 million in assets to just five business days. Cur- rently, these managers file Form 13F to report their share ownership, which serves as a critical source of information for U.S. companies to identify their investors and for investors to track market trends. Te existing rules, established in 1979, are outdated


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