What it does
SourcedProtecting Investors' Personally Identifiable Information Act
This bill limits certain disclosures of personally identifiable information belonging to a participant in the securities market for purposes of tracking market activity.
Specifically, the bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange, a national securities association, or a member of such an exchange or association to provide such information to satisfy the reporting requirements of the Consolidated Audit Trail (data used by regulators to track market activity).
Official summary by the Congressional Research Service (Introduced in House, Feb 21, 2025).
Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.
What has happened
Sourced- Sep 1, 2026Placed on the Union Calendar, Calendar No. 687.House floor actions
- Sep 1, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-787.House floor actions
- Sep 1, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-787.Library of Congress
- Jun 30, 2026Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 21.House committee actions
- Jun 30, 2026Committee Consideration and Mark-up Session HeldHouse committee actions
- Feb 21, 2025Referred to the House Committee on Financial Services.House floor actions
- Feb 21, 2025Introduced in HouseLibrary of Congress
- Feb 21, 2025Introduced in HouseLibrary of Congress
Cosponsors
- Troy Downing R-MT-2
- Bill Huizenga R-MI-4
- Daniel Meuser R-PA-9
- Zachary Nunn R-IA-3
- Ann Wagner R-MO-2