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Protecting Investors’ Personally Identifiable Information Act
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.
Summary
- Prohibits the Securities and Exchange Commission from requiring national securities exchanges and associations to provide personally identifiable information in consolidated audit trail reporting.
- Exempts from PII collection requirements information such as names, addresses, Social Security numbers, telephone numbers, email addresses, and IP addresses of market participants in audit trail reports.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
5 cosponsors
- Rep. Downing, Troy [R-MT-2] (R-MT)
- Rep. Huizenga, Bill [R-MI-4] (R-MI)
- Rep. Meuser, Daniel [R-PA-9] (R-PA)
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Rep. Wagner, Ann [R-MO-2] (R-MO)
Money behind the sponsor
Top reported contributors to Barry Loudermilk’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $21,050
- CROY ENGINEERING $6,600
- CAPITAL ONE $6,600
- GENERAL WHOLESALE BEER CO $6,600
- QUEST $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Barry Loudermilk → · Outside spending →
Actions (4)
- Jun 30, 2026 Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 21. · house
- Jun 30, 2026 Committee Consideration and Mark-up Session Held · house
- Feb 21, 2025 Referred to the House Committee on Financial Services. · house
- Feb 21, 2025 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Committee action
What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.
Meetings where this bill was on the agenda
Full text
IN THE HOUSE OF REPRESENTATIVES
February 21, 2025
Mr. Loudermilk (for himself, Mrs. Wagner, Mr. Meuser, and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Financial Services
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Protecting Investors’ Personally Identifiable Information Act”.
SEC. 2. PERSONALLY IDENTIFIABLE INFORMATION EXCLUDED FROM CONSOLIDATED AUDIT TRAIL REPORTING REQUIREMENTS.
(a) In General.—The Securities and Exchange Commission may not require a national securities exchange, a national securities association, or a member of such an exchange or association to provide personally identifiable information with respect to a market participant to meet the requirements relating to an order or a reportable event under section 242.613(c)(7) of title 17, Code of Federal Regulations (or successor regulations).
(b) Definition of Personally Identifiable Information.—In this section, the term “personally identifiable information” means information that can be used to distinguish or trace an individual’s identity, either alone or when combined with other personal or identifying information that is linked or linkable to a specific individual, including an individual’s name, address, date or year of birth, Social Security number, telephone number, email, and IP-address. <all>
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