[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4551 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 611
118th CONGRESS
  2d Session
                                H. R. 4551

                          [Report No. 118-724]

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

                             July 11, 2023

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

                            November 1, 2024

 Additional sponsors: Mr. Self, Mr. Norman, Mr. Lawler, Mr. Flood, Mr. 
          Fitzgerald, Mr. Sessions, Mr. Mooney, and Mr. Emmer

                            November 1, 2024

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
 [For text of introduced bill, see copy of bill as introduced on July 
                               11, 2023]


_______________________________________________________________________

                                 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''--
            (1) 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; and
            (2) does not include a CAT-Order-ID or CAT-Reporter-ID, as 
        such terms are defined in section 242.613(j) of title 17, Code 
        of Federal Regulations (or successor regulations).
                                                 Union Calendar No. 611

118th CONGRESS

  2d Session

                               H. R. 4551

                          [Report No. 118-724]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                            November 1, 2024

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed