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SEC Data Protection: New Rules for Safeguarding Sensitive Financial Information.

This Act mandates the Securities and Exchange Commission (SEC) to establish strict policies for protecting sensitive, nonpublic proprietary information received from investment advisers. The goal is to prevent the unlawful use or disclosure of critical financial data. This strengthens market integrity and indirectly protects investors' interests by ensuring the regulator handles confidential information securely.
Key points
The SEC must implement new procedures within one year to safeguard proprietary financial data submitted by investment advisers.
These policies require limiting access to sensitive information only to authorized SEC staff.
The procedures must protect the information from unlawful use or unauthorized disclosure, considering the data's sensitivity level.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6161
Sponsor: Rep. Scott, David [D-GA-13]
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEC Data Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6161.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • The SEC must implement new procedures within one year to safeguard proprietary financial data submitted by investment advisers.
  • These policies require limiting access to sensitive information only to authorized SEC staff.
  • The procedures must protect the information from unlawful use or unauthorized disclosure, considering the data's sensitivity level.
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. Scott, David [D-GA-13].

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 2025-12-23.

CATEGORIES

Economy Informatization