summary
Introduced
10/04/2017
10/04/2017
In Committee
10/12/2017
10/12/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Protection of Source Code Act This bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to specify that the Securities and Exchange Commission may not compel a person to produce a source code or similar intellectual property that forms the basis for design of the source code without first issuing a subpoena.
AI Summary
This bill amends several federal securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, to specify that the Securities and Exchange Commission (SEC) may not compel a person to produce or furnish algorithmic trading source code or similar intellectual property that forms the basis for the design of the source code, unless the SEC first issues a subpoena.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Placed on the Union Calendar, Calendar No. 412. (on 02/08/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
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