Bill
Bill > HR1483
summary
Introduced
02/21/2025
02/21/2025
In Committee
02/21/2025
02/21/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
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.
AI Summary
This bill aims to prevent the Securities and Exchange Commission (SEC) from requiring the collection of personally identifiable information (PII) in the Consolidated Audit Trail (CAT), which is a comprehensive tracking system for securities transactions. Specifically, the bill prohibits the SEC from mandating that national securities exchanges, national securities associations, or their members submit PII about market participants when reporting orders or events. The bill defines PII broadly as any information that can identify an individual, including name, address, birth date, Social Security number, phone number, email, and IP address. By restricting the collection of such detailed personal information, the bill seeks to protect the privacy of investors and market participants while still allowing the SEC to maintain its regulatory oversight of securities transactions through the CAT system.
Committee Categories
Business and Industry
Sponsors (6)
Barry Loudermilk (R)*,
Troy Downing (R),
Bill Huizenga (R),
Dan Meuser (R),
Zach Nunn (R),
Ann Wagner (R),
Last Action
Referred to the House Committee on Financial Services. (on 02/21/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/1483/all-info |
| BillText | https://www.congress.gov/119/bills/hr1483/BILLS-119hr1483ih.pdf |
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