Protecting Investors’ Personally Identifiable Information Act

Barry Loudermilk

Republican · GA · Representative

Source: Congress.gov · FEC

• Ann Wagner (R-MO-2)Original· 2025-02-21
• Bill Huizenga (R-MI-4)Original· 2025-02-21
• Daniel Meuser (R-PA-9)Original· 2025-02-21
• Zachary Nunn (R-IA-3)· 2025-03-03
• Troy Downing (R-MT-2)· 2025-03-27

Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 21.

2026-06-30

Source: Congress.gov

The proposal would require financial firms and investment companies to strengthen how they protect customers' personal information, such as Social Security numbers and financial account details, from theft and misuse. It would set standards for how these companies must safeguard sensitive data and establish rules for notifying customers if their information is compromised. This would affect investment firms, brokers, and other financial institutions that handle personal details for millions of Americans.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1483 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1483 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 21, 2025 Mr. Loudermilk (for himself, Mrs. Wagner, Mr. Meuser, and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting Investors' Personally Identifiable Information Act''. SEC. 2. PERSONALLY IDENTIFIABLE INFORMATION EXCLUDED FROM CONSOLIDATED AUDIT TRAIL REPORTING REQUIREMENTS. (a) In General.--The Securities and Exchange Commission may not require a national securities exchange, a national securities association, or a member of such an exchange or association to provide personally identifiable information with respect to a market participant to meet the requirements relating to an order or a reportable event under section 242.613(c)(7) of title 17, Code of Federal Regulations (or successor regulations). (b) Definition of Personally Identifiable Information.--In this section, the term ``personally identifiable information'' means information that can be used to distinguish or trace an individual's identity, either alone or when combined with other personal or identifying information that is linked or linkable to a specific individual, including an individual's name, address, date or year of birth, Social Security number, telephone number, email, and IP-address. <all>

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