The Securities and Exchange Commission (SEC) is very close to issuing a proposal that would cut back executive compensation disclosure requirements. The White House received a draft of the proposal on August 26, 2026, for review, according to a regulatory notice posted by the Office of Management and Budget.

It is unclear how long the White House review will take, but it is likely to be completed in the coming weeks.

The goal of this rulemaking project is to revise Item 402 of Regulation S-K to “rationalize” executive pay disclosure requirements.

The SEC has been routinely using the word “rationalize” since Paul Atkins became chairman in April 2025 to indicate efforts to scale back burdensome disclosure requirements that the current agency leadership deems immaterial to investors. Many companies have complained that executive compensation disclosure is too onerous to prepare and provides little value to investors.

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