Protecting Investors’ Personally Identifiable Information Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Protecting Investors’ Personally Identifiable Information Act, limits the Securities and Exchange Commission’s (SEC) ability to collect personally identifiable information from financial markets under the Consolidated Audit Trail reporting system. It prevents exchanges and associations from automatically providing this data unless specifically requested for a securities investigation. The SEC is required to destroy the information promptly after an investigation concludes, ensuring greater privacy for market participants. This legislation aims to reduce the amount of sensitive data tracked by the SEC.
Bill text
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Sponsors
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15 on record
Primary sponsor
Cosponsors
Alexander X. Mooney
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