Bill > HR2039

This bill, the Protecting Investors' Personally Identifiable Information Act, prohibits the Securities and Exchange Commission (SEC) from requiring that personally identifiable information (PII) be collected under the Consolidated Audit Trail (CAT) reporting requirements, except upon the SEC's specific request. If the SEC does request PII, the exchange, association, or member must provide the information within 24 hours, unless granted a reasonable extension, and the SEC must destroy the PII within one day after the investigation or matter is concluded. PII is defined broadly to include information that could be used to identify an individual, but excludes certain CAT-specific identification codes.