(The Center Square) – The Securities and Exchange Commission would need to propose rules that allow for the default electronic delivery of regulatory documents to investors if a North Carolinian’s proposal in the U.S. Senate becomes law.

Improving Disclosure for Investors Act of 2025, known also as Senate Bill 1877, is the product of Sen. Thom Tillis, R-N.C., three Republicans and three Democrats. The Securities and Exchange Commission, Tillis says, hasn’t updated its opt-in requirement in 20 years while transitions globabally have gone the route of paperless.