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Protecting Investor Data: Less Personal Information for SEC Reporting

This act limits the collection of investors' personal information by the Securities and Exchange Commission (SEC) for transaction reporting. This means your data, such as name, address, or Social Security number, will be less frequently collected and stored by the SEC, enhancing your privacy. The Commission can only request this data for specific investigations into legal violations and must destroy it after the case concludes.
Key points
Less personal investor data will be collected by the Securities and Exchange Commission (SEC) for routine reporting.
The SEC can only request your personal data for investigations into legal violations.
Collected personal data must be destroyed by the SEC within one day after an investigation concludes.
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Introduced
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Additional Information
Print number: 119_S_658
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2025-02-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
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_S_658.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-20.

What are the main provisions?

Key points include:

  • Less personal investor data will be collected by the Securities and Exchange Commission (SEC) for routine reporting.
  • The SEC can only request your personal data for investigations into legal violations.
  • Collected personal data must be destroyed by the SEC within one day after an investigation concludes.
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 Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Economy