118th Congress · SENATE BILLBILL

S. 2230 — Protecting Investors’ Personally Identifiable Information Act

“A bill to prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes.”

Finance and financial sector

Introduced Jul 11, 2023

Last action Jul 11, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 11, 2023

Step 2

Referred

Jul 11, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange, 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.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jul 11, 2023

Introduced in Senate

Jul 11, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.