Bill · H.R. 1483· House(119-HR-1483)
Protecting Investors’ Personally Identifiable Information Act
- Introduced
- 2/21/2025
- Last activity
- 9/1/2026 — Placed on the Union Calendar, Calendar No. 687.
- Sponsored by
- Barry Loudermilk
- Cosponsors
- - 5 - 0
- Introduced
- On Calendar
What this bill would do
H.R. 1483, known as the "Protecting Investors' Personally Identifiable Information Act," stops the Securities and Exchange Commission (SEC) from requiring certain groups to provide personally identifiable information. It applies to national securities exchanges, national securities associations, and members of those exchanges or associations. This restriction specifically concerns requirements for orders or reportable events under section 242.613(c)(7) of title 17, Code of Federal Regulations.
Yes· 3 of 15
Does this protect people from being watched or searched?+9
Strongly enhances individual privacy by preventing the SEC from requiring sensitive PII.
Does this give people more control over their personal data?+8
Explicitly prohibits the collection of wide-ranging personally identifiable information, significantly enhancing privacy.
Would people with substantial wealth be better off under this?+6
High net worth individuals often have higher privacy concerns regarding their PII.
The opposite
Does this give the federal government more power?-5
Restricts the power of a federal agency (SEC) to mandate the collection of specific data.
Does this give the government more power to monitor people inside the country?-5
Actually decreases the government's ability to collect detailed personal data on market participants.
Who it would affect, and how
Potential Positive Impacts for People
- Protection of Personal Data: Section 2(a) and 2(b) prevent the SEC from requiring the collection of sensitive data like Social Security numbers, addresses, and biometric data. This keeps a wide range of an individual's private information from being collected under consolidated audit trail reporting requirements.
Potential Negative Impacts for People
- No negative impacts for people are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Billionaires+6Good For High Net Worth Individuals+6Good For Ultra High Net Worth Individuals+6Good For Business Owners+5Good For High Income Households+5Good For Immigrants+5Good For Middle Aged+5Good For Middle Class Households+5Good For Retirees+5Good For Seniors+5Good For Young Adults+5
- Education And Technology
- Improves Data Privacy+8
- Economy And Finance
- Improves Consumer Protection+5
- Governance And Ideology
- Improves Privacy Rights+9Increases Federal Power-5
- National Security And Foreign Policy
- Improves Cybersecurity Defense+3Increases Domestic Surveillance-5
- 9/1/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-787.
- Placed on the Union Calendar, Calendar No. 687.
- 6/30/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 21.
- 3/27/2025
- 1 Cosponsor added.
- 3/3/2025
- 1 Cosponsor added.
- 2/21/2025
- Referred to the House Committee on Financial Services.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Troy DowningRepublican · Montana
Bill HuizengaRepublican · Michigan
Daniel MeuserRepublican · Pennsylvania
Zachary NunnRepublican · Iowa
Ann WagnerRepublican · Missouri