Protecting Investors’ Personally Identifiable Information Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1483 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1483

To prohibit the Securities and Exchange Commission from requiring that
  personally identifiable information be collected under consolidated
      audit trail reporting requirements, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 21, 2025

Mr. Loudermilk (for himself, Mrs. Wagner, Mr. Meuser, and Mr. Huizenga)
 introduced the following bill; which was referred to the Committee on
                           Financial Services

_______________________________________________________________________

                                 A BILL

To prohibit the Securities and Exchange Commission from requiring that
  personally identifiable information be collected under consolidated
      audit trail reporting requirements, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 2. PERSONALLY IDENTIFIABLE INFORMATION EXCLUDED FROM CONSOLIDATED
              AUDIT TRAIL REPORTING REQUIREMENTS.

    (a) In General.--The Securities and Exchange Commission may not
require a national securities exchange, a national securities
association, or a member of such an exchange or association to provide
personally identifiable information with respect to a market
participant to meet the requirements relating to an order or a
reportable event under section 242.613(c)(7) of title 17, Code of
Federal Regulations (or successor regulations).
    (b) Definition of Personally Identifiable Information.--In this
section, the term ``personally identifiable information'' means
information that can be used to distinguish or trace an individual's
identity, either alone or when combined with other personal or
identifying information that is linked or linkable to a specific
individual, including an individual's name, address, date or year of
birth, Social Security number, telephone number, email, and IP-address.
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