; sunset (a) Better enforcement of the quality of corporate financial data submitted to the Securities and Exchange Commission (1) Data quality improvement program Within six months after the date of the enactment of this Act, the Commission shall establish a program to improve the quality of corporate financial data filed or furnished by issuers under the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940. The program shall include the following: (A) The designation of an official in the Office of the Chairman responsible for the improvement of the quality of data filed with or furnished to the Commission by issuers. (B) The issuance by the Division of Corporation Finance of comment letters requiring correction of errors in data filings and submissions, where necessary. (2) Goals In establishing the program under this section, the Commission shall seek to— (A) improve the quality of data filed with or furnished to the Commission to a commercially acceptable level; and (B) make data filed with or furnished to the Commission useful to investors. (b) Report on the use of machine-Readable data for corporate disclosures (1) In general Not later than six months after the date of the enactment of this Act, and every six months thereafter, the Commission shall issue a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate on the public and internal use of machine-readable data for corporate disclosures. (2) Content Each report required under paragraph (1) shall include— (A) an identification of which corporate disclosures required under section 7 of the Securities Act of 1933, section 13 of the Securities Exchange Act of 1934, or section 14 of the Securities Exchange Act of 1934 are expressed as machine-readable data and which are not