The invoice requires the Securities and Alternate Fee to put in writing a rule permitting monetary companies to ship their paperwork in digital format.

Constancy Investments stated Friday in a press release that it applauded passage of the invoice, “which takes the essential step of modernizing funding disclosures by directing the SEC to make digital supply (eDelivery) the first means for traders to obtain info.”

Constancy stated that it has ”lengthy believed, and knowledge has proven, that eDelivery is a safer, accessible, and fewer wasteful strategy to successfully talk with traders of all ages.”

The Boston-based agency added: “Critically, the laws preserves investor alternative and the flexibility to at all times obtain paper if most popular. Constancy will proceed to work with Congressional leaders to enact this broadly bipartisan and bicameral laws into legislation. “