Protecting Investors’ Personally Identifiable Information Act
- Last Action
- 3/18/2021
Actions
- 2021-03-18Referred to the House Committee on Financial Services.
- 2021-03-18Introduced in House
- 2021-03-18Introduced in House
CRS Summary
As of 2021-03-18 (00)
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 (which tracks market activity). However, this information must be provided to the SEC upon request. The SEC must destroy the information not later than one day after the conclusion of the matter for which this information was required.
Cosponsors (5)
- Bill Huizenga (R-MI)
- J. Hill (R-AR)
- Warren Davidson (R-OH)
- Ted Budd (R-NC)
- Young Kim (R-CA)
Subjects
- Financial services and investments
- Government information and archives
- Government studies and investigations
- Right of privacy
- Securities
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.