| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1483 |
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| 5 | 5 | | To prohibit the Securities and Exchange Commission from requiring that |
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| 6 | 6 | | personally identifiable information be collected under consolidated audit |
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| 7 | 7 | | trail reporting requirements, and for other purposes. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | FEBRUARY21, 2025 |
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| 10 | 10 | | Mr. L |
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| 11 | 11 | | OUDERMILK (for himself, Mrs. WAGNER, Mr. MEUSER, and Mr. |
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| 12 | 12 | | H |
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| 13 | 13 | | UIZENGA) introduced the following bill; which was referred to the Com- |
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| 14 | 14 | | mittee on Financial Services |
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| 15 | 15 | | A BILL |
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| 16 | 16 | | To prohibit the Securities and Exchange Commission from |
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| 17 | 17 | | requiring that personally identifiable information be col- |
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| 18 | 18 | | lected under consolidated audit trail reporting require- |
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| 19 | 19 | | ments, and for other purposes. |
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| 20 | 20 | | Be it enacted by the Senate and House of Representa-1 |
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| 21 | 21 | | tives of the United States of America in Congress assembled, 2 |
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| 22 | 22 | | SECTION 1. SHORT TITLE. 3 |
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| 23 | 23 | | This Act may be cited as the ‘‘Protecting Investors’ 4 |
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| 24 | 24 | | Personally Identifiable Information Act’’. 5 |
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| 25 | 25 | | VerDate Sep 11 2014 00:28 Mar 13, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1483.IH H1483 |
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| 26 | 26 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 27 | 27 | | •HR 1483 IH |
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| 28 | 28 | | SEC. 2. PERSONALLY IDENTIFIABLE INFORMATION EX-1 |
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| 29 | 29 | | CLUDED FROM CONSOLIDATED AUDIT TRAIL 2 |
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| 30 | 30 | | REPORTING REQUIREMENTS. 3 |
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| 31 | 31 | | (a) I |
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| 32 | 32 | | NGENERAL.—The Securities and Exchange 4 |
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| 33 | 33 | | Commission may not require a national securities ex-5 |
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| 34 | 34 | | change, a national securities association, or a member of 6 |
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| 35 | 35 | | such an exchange or association to provide personally 7 |
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| 36 | 36 | | identifiable information with respect to a market partici-8 |
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| 37 | 37 | | pant to meet the requirements relating to an order or a 9 |
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| 38 | 38 | | reportable event under section 242.613(c)(7) of title 17, 10 |
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| 39 | 39 | | Code of Federal Regulations (or successor regulations). 11 |
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| 40 | 40 | | (b) D |
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| 41 | 41 | | EFINITION OFPERSONALLYIDENTIFIABLEIN-12 |
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| 42 | 42 | | FORMATION.—In this section, the term ‘‘personally identi-13 |
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| 43 | 43 | | fiable information’’ means information that can be used 14 |
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| 44 | 44 | | to distinguish or trace an individual’s identity, either alone 15 |
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| 45 | 45 | | or when combined with other personal or identifying infor-16 |
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| 46 | 46 | | mation that is linked or linkable to a specific individual, 17 |
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| 47 | 47 | | including an individual’s name, address, date or year of 18 |
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| 48 | 48 | | birth, Social Security number, telephone number, email, 19 |
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| 49 | 49 | | and IP-address. 20 |
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| 50 | 50 | | Æ |
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| 51 | 51 | | VerDate Sep 11 2014 00:28 Mar 13, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1483.IH H1483 |
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| 52 | 52 | | ssavage on LAPJG3WLY3PROD with BILLS |
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