Improving Disclosure for Investors Act of 2024

This bill requires the Securities and Exchange Commission (SEC) to create rules allowing financial institutions (like investment companies, brokers, and advisers) to deliver important investor documents - such as prospectuses, account statements, and privacy notices - electronically instead of by paper. It mandates specific safeguards, including initial paper notices for investors, a 180-day transition period, annual paper reminders about opting out of electronic delivery, and requirements for reliable delivery and document readability. The SEC must finalize these rules within one year, and institutions may use electronic delivery immediately if the SEC misses the deadline. The law does not change the content or timing of required disclosures, only how they are delivered to investors.