1. Short title This Act may be cited as the Improving Disclosure for Investors Act of 2023 . 2. Electronic delivery (a) Promulgation of rules Not later than 180 days after the date of the enactment of this section, the Securities and Exchange Commission shall propose and, not later than 1 year after the date of the enactment of this section, the Commission shall finalize, rules, regulations, amendments, or interpretations, as appropriate, to allow a covered entity to satisfy the entity’s obligation to deliver regulatory documents required under the securities laws to investors using electronic delivery. (b) Required provisions Rules, regulations, amendments, or interpretations the Commission promulgates pursuant to subsection (a) shall: (1) With respect to investors that do not receive all regulatory documents by electronic delivery, provide for— (A) delivery of an initial communication in paper form regarding electronic delivery; (B) a transition period not to exceed 180 days until such regulatory documents are delivered to such investors by electronic delivery