H.R. 1483 · On the floor · Finance and Financial Sector

Protecting Investors’ Personally Identifiable Information Act

Sponsor: Barry Loudermilk (R-GA)

What it does

• Prohibit the SEC from requiring national securities exchanges, national securities associations, or their members to disclose personally identifiable information of market participants to satisfy Consolidated Audit Trail
• Limit SEC authority to compel collection and sharing of investor PII for market surveillance and tracking purposes.
• Carve out investor privacy protections from the regulatory framework governing market activity monitoring.

Official summary

Protecting Investors' Personally Identifiable Information Act This bill limits certain disclosures of personally identifiable information belonging to a participant in the securities market for purposes of tracking market activity. Specifically, the bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange, a national securities association, or a member of such an exchange or association to provide such information to satisfy the reporting requirements of the Consolidated Audit Trail (data used by regulators to track market activity).

Latest action

Sep 1, 2026: Placed on the Union Calendar, Calendar No. 687.

Committee: House Financial Services