Protecting Investors’ Personally Identifiable Information Act

United States118th CongressHR-4551House of Representatives
Updated: Nov 1, 2024

Summary

Protecting Investors' Personally Identifiable Information Act This bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange, association, or a member of either to provide a market participant's personally identifiable information to satisfy the reporting requirements of the Consolidated Audit Trail (i.e., data used to track market activity). However, this information must be provided to the SEC upon request if the information is related to a securities investigation. The SEC must destroy the information not later than one day after the conclusion of the matter for which this information was required.

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Timeline

Latest companion bill action

S-2230: Protecting Investors’ Personally Identifiable Information Act

Introduced in Senate

  1. Committee Consideration and Mark-up Session Held

    House of Representatives

  2. Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.

    House of Representatives

  3. Placed on the Union Calendar, Calendar No. 611.

    House of Representatives

  4. Reported (Amended) by the Committee on Financial Services. H. Rept. 118-724.

    House of Representatives