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H.R. 1483119th CongressIn markupLatest action Jun 30, 2026Decoded by AI · checked against the record
Official title: Protecting Investors’ Personally Identifiable Information Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill would ban the SEC's stock-trade tracking system from collecting investors' personal data like names and Social Security numbers.
45-second read · 4 questions answered below
This bill would stop the SEC from requiring the Consolidated Audit Trail (CAT) system to collect personally identifiable information about individual investors, including names, addresses, birth dates, Social Security numbers, phone numbers, emails, and IP addresses. The SEC could still collect other trading data needed for market oversight, but exchanges and firms would no longer submit this personal information under audit trail rules.
Everyday investors who trade stocks are directly affected, since less of their personal information would be collected and stored. The SEC, stock exchanges, and brokerage firms would also need to adjust their reporting systems to comply.
Limiting personal data collection could reduce risks of hacking or misuse of a large government-linked database, but it may also limit the SEC's ability to trace individuals in specific fraud cases.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 21.