Bill

Bill > S3733


US S3733

US S3733
Protection of Source Code Act


summary

Introduced
12/10/2018
In Committee
12/10/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Protection of Source Code Act

AI Summary

This bill, the Protection of Source Code Act, prohibits the Securities and Exchange Commission (SEC) from compelling a person to produce or furnish algorithmic trading source code or similar intellectual property to the Commission unless the Commission first issues a subpoena. The bill amends several 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 establish this procedural requirement before the SEC can obtain certain types of intellectual property from individuals and companies under its jurisdiction.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/10/2018)

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