Bill > HR4551

This bill prohibits the Securities and Exchange Commission (SEC) from requiring that personally identifiable information (PII), such as an individual's name, address, date of birth, or social security number, be collected as part of the Consolidated Audit Trail (CAT) reporting requirements. The bill defines PII and specifies that it does not include the CAT-Order-ID or CAT-Reporter-ID, which are unique identifiers used in the CAT system. The purpose of this bill is to protect the privacy of investors by preventing the SEC from collecting their personal information through the CAT reporting requirements.