Text: H.R.4785 — 115th Congress (2017-2018)All Information (Except Text)

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Reported in House (05/07/2018)

Union Calendar No. 510

115th CONGRESS
2d Session
H. R. 4785

[Report No. 115–663]


To prohibit the consolidated audit trail from accepting personally identifying information, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

January 12, 2018

Mr. Huizenga (for himself and Mr. Hultgren) introduced the following bill; which was referred to the Committee on Financial Services

May 7, 2018

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed


A BILL

To prohibit the consolidated audit trail from accepting personally identifying information, 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 “American Customer Information Protection Act”.

SEC. 2. No acceptance of personally identifying information.

(a) In general.—The consolidated audit trail may not accept personally identifying information.

(b) Exception for large traders.—Subsection (a) shall not apply to information accepted by the consolidated audit trail in connection with large traders.

(c) Definitions.—For purposes of this section:

(1) CONSOLIDATED AUDIT TRAIL.—The term “consolidated audit trail” means the consolidated audit trail created by the national market system plan approved pursuant to section 242.613 and section 242.608 of title 17, Code of Federal Regulations (or any successor regulation).

(2) LARGE TRADER.—The term “large trader” has the meaning given that term under section 13(h)(8) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(h)(8)).

(3) PERSONALLY IDENTIFYING INFORMATION.—The term “personally identifying information” includes—

(A) Social Security numbers;

(B) individual taxpayer identification numbers;

(C) other customer identifying information, when taken alone or together, sufficient to identify an individual, such as names, addresses, dates of birth, account numbers; and

(D) any other information the Securities and Exchange Commission determines could be defined as personally identifying information.


Union Calendar No. 510

115th CONGRESS
     2d Session
H. R. 4785
[Report No. 115–663]

A BILL
To prohibit the consolidated audit trail from accepting personally identifying information, and for other purposes.

May 7, 2018
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
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