118 HR 4551 RH: Protecting Investors’ Personally Identifiable Information Act U.S. House of Representatives 2024-11-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IBUnion Calendar No. 611118th CONGRESS2d SessionH. R. 4551[Report No. 118–724]IN THE HOUSE OF REPRESENTATIVESJuly 11, 2023Mr. Loudermilk (for himself, Mr. Hill, Mr. Huizenga, Mrs. Wagner, Mr. Meuser, Mrs. Kim of California, and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Financial ServicesNovember 1, 2024Additional sponsors: Mr. Self, Mr. Norman, Mr. Lawler, Mr. Flood, Mr. Fitzgerald, Mr. Sessions, Mr. Mooney, and Mr. EmmerNovember 1, 2024Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on July 11, 2023A BILLTo prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes.

1.

Short title

This Act may be cited as the Protecting Investors’ Personally Identifiable Information Act.

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—(1)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; and(2)does not include a CAT-Order-ID or CAT-Reporter-ID, as such terms are defined in section 242.613(j) of title 17, Code of Federal Regulations (or successor regulations).

November 1, 2024Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed