[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.


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                    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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