Bill > S1209

This bill, the Protecting Investors' Personally Identifiable Information Act, prohibits the Securities and Exchange Commission (SEC) from requiring the collection of personally identifiable information (PII) from national securities exchanges, national securities associations, or their members under the consolidated audit trail (CAT) reporting requirements. The bill defines PII broadly to include information like names, addresses, and social security numbers, but excludes certain identifiers used in the CAT system. The bill allows the SEC to request PII from these entities only on a case-by-case basis, with a 24-hour response time, and requires the SEC to destroy the PII within one day after the investigation or matter concludes.