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Protecting Investor Data: SEC Prohibited from Collecting Personal Information

This act aims to protect investor privacy. It prohibits the Securities and Exchange Commission (SEC) from collecting personally identifiable information, such as names, addresses, or Social Security numbers, for consolidated audit trail reporting. This means citizens can feel more secure knowing their sensitive information will not be gathered in a central database.
Key points
Prohibits the SEC from requiring personally identifiable information for consolidated audit trail reporting.
Protects citizens' privacy by limiting the collection of sensitive data like names, addresses, Social Security numbers, emails, or IP addresses.
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Status:
Introduced
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Additional Information
Print number: 119_HR_1483
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2025-02-21
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting Investors’ Personally Identifiable Information Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1483.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-21.

What are the main provisions?

Key points include:

  • Prohibits the SEC from requiring personally identifiable information for consolidated audit trail reporting.
  • Protects citizens' privacy by limiting the collection of sensitive data like names, addresses, Social Security numbers, emails, or IP addresses.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Loudermilk, Barry [R-GA-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy