H.R. 1483

Protecting Investors’ Personally Identifiable Information Act

Sponsor: Barry Loudermilk

5 cosponsors
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Official summary

Written by the Congressional Research Service.

Protecting Investors' Personally Identifiable Information Act

This bill limits certain disclosures of personally identifiable information belonging to a participant in the securities market for purposes of tracking market activity.

Specifically, the bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange, a national securities association, or a member of such an exchange or association to provide such information to satisfy the reporting requirements of the Consolidated Audit Trail (data used by regulators to track market activity). 

Text of the bill

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Sec. 1. Short title Since introduced

This Act may be cited as the Protecting Investors’ Personally Identifiable Information Act.