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    <number>4685</number>
    <updateDate>2023-03-08T20:26:28Z</updateDate>
    <updateDateIncludingText>2023-03-08T20:26:28Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2021-07-26</introducedDate>
    <congress>117</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 167, Number 130 (Monday, July 26, 2021)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. CASTEN:H.R. 4685.Congress has the power to enact this legislation pursuantto the following:Articel 1, Section 8, Clause 3.[Page H3908]</pre>]]></constitutionalAuthorityStatementText>
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        <citation>H. Rept. 117-231</citation>
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        <text>Placed on the Union Calendar, Calendar No. 165.</text>
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        <text>Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.</text>
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        <text>Referred to the House Committee on Financial Services.</text>
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        <bioguideId>C001117</bioguideId>
        <fullName>Rep. Casten, Sean [D-IL-6]</fullName>
        <firstName>Sean</firstName>
        <lastName>Casten</lastName>
        <party>D</party>
        <state>IL</state>
        <district>6</district>
        <isByRequest>N</isByRequest>
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        <bioguideId>F000454</bioguideId>
        <fullName>Rep. Foster, Bill [D-IL-11]</fullName>
        <firstName>Bill</firstName>
        <lastName>Foster</lastName>
        <party>D</party>
        <state>IL</state>
        <district>11</district>
        <sponsorshipDate>2021-07-26</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>A000378</bioguideId>
        <fullName>Rep. Axne, Cynthia [D-IA-3]</fullName>
        <firstName>Cynthia</firstName>
        <lastName>Axne</lastName>
        <party>D</party>
        <state>IA</state>
        <district>3</district>
        <sponsorshipDate>2021-07-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>U000040</bioguideId>
        <fullName>Rep. Underwood, Lauren [D-IL-14]</fullName>
        <firstName>Lauren</firstName>
        <lastName>Underwood</lastName>
        <party>D</party>
        <state>IL</state>
        <district>14</district>
        <sponsorshipDate>2021-07-27</sponsorshipDate>
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      <item>
        <pubDate>2021-12-03T14:37:00Z</pubDate>
        <title>H.R. 4685, Trading Isn’t a Game Act</title>
        <url>https://www.cbo.gov/publication/57663</url>
        <description>As ordered reported by the House Committee on Financial Services on July 29, 2021</description>
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    </cboCostEstimates>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Behavioral sciences</name>
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        <item>
          <name>Business ethics</name>
        </item>
        <item>
          <name>Congressional oversight</name>
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        <item>
          <name>Consumer affairs</name>
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        <item>
          <name>Financial services and investments</name>
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        <item>
          <name>Government Accountability Office (GAO)</name>
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        <item>
          <name>Government information and archives</name>
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        <item>
          <name>Government studies and investigations</name>
        </item>
        <item>
          <name>Mental health</name>
        </item>
        <item>
          <name>Securities</name>
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        <item>
          <name>Service industries</name>
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      </legislativeSubjects>
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        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2021-07-26</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2022-02-10T21:43:44Z</updateDate>
        <text><![CDATA[ <p>This bill requires the Government Accountability Office (GAO) to study and report on the use of techniques including gamification (adding gamelike elements to encourage participation) and psychological nudges (behavioral interventions designed to influence decision-making) by online investment trading platforms. Further, the GAO must compare the investment activity, habits, and risk tolerance of customers exposed to such techniques and those who are not.</p>]]></text>
      </summary>
      <summary>
        <versionCode>07</versionCode>
        <actionDate>2022-01-20</actionDate>
        <actionDesc>Reported to House</actionDesc>
        <updateDate>2022-02-11T20:14:32Z</updateDate>
        <text><![CDATA[ <p><strong>Trading Isn't a Game Act</strong></p> <p>This bill requires the Government Accountability Office (GAO) to study and report on the use of techniques including gamification (adding gamelike elements to encourage participation) and psychological nudges (behavioral interventions designed to influence decision-making) by online investment trading platforms. Further, the GAO must compare the investment activity, habits, and risk tolerance of customers exposed to such techniques and those who are not.</p>]]></text>
      </summary>
    </summaries>
    <title>Trading Isn’t a Game Act</title>
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        <titleType>Display Title</titleType>
        <title>Trading Isn’t a Game Act</title>
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        <titleType>Short Title(s) as Reported to House</titleType>
        <title>Trading Isn’t a Game Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To require the Government Accountability Office to carry out a study on the impact of the gamification, psychological nudges, and other design techniques used by online trading platforms, and for other purposes.</title>
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        <date>2022-01-20T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-117hr4685rh/xml/BILLS-117hr4685rh.xml</url>
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    <latestAction>
      <actionDate>2022-01-20</actionDate>
      <text>Placed on the Union Calendar, Calendar No. 165.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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