Protecting Investors’ Personally Identifiable Information Act
Introduced Feb 20, 2025 by Sen. John Kennedy
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange or association (or a member of either) to provide a market participant's personally identifiable information to satisfy the reporting requirements of the Consolidated Audit Trail (i.e., data used to track market activity). However, this information must be provided to the SEC upon request if the information is related to a securities investigation. The SEC must destroy the information not later than one day after the conclusion of the matter for which this information was required.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.