Bill would bar SEC's trade database from collecting investors' personal data
Placed on the calendarH.R. 1483Latest action
Sponsor: Barry Loudermilk · Representative · GA
AIDecoded by AI · checked against the recordRead the official text
Official title: Protecting Investors’ Personally Identifiable Information Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. 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
What does this do?
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.
Who does it affect?
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.
Why does it matter?
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. Check it against the official text before you act on it.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedFeb 21, 2025
- House committee
- House voteYou are here · Sep 1, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 687.