[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3732 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3732

 To amend the Commodity Exchange Act to prohibit the Commodity Futures 
   Trading Commission from compelling a person to produce or furnish 
  algorithmic trading source code or similar intellectual property to 
         that agency unless the agency first issues a subpoena.


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                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2018

  Mr. Perdue introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

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                                 A BILL


 
 To amend the Commodity Exchange Act to prohibit the Commodity Futures 
   Trading Commission from compelling a person to produce or furnish 
  algorithmic trading source code or similar intellectual property to 
         that agency unless the agency first issues a subpoena.

    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 ``Protection of Source Code Act''.

SEC. 2. PROCEDURE FOR OBTAINING CERTAIN INTELLECTUAL PROPERTY.

    Section 8 of the Commodity Exchange Act (7 U.S.C. 12) is amended by 
adding at the end the following:
    ``(j) Under this Act, the Commission may not compel a person to 
produce or furnish source code, including algorithmic trading source 
code or similar intellectual property that forms the basis for design 
of the source code, to the Commission unless the Commission first 
issues a subpoena.''.
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