Protecting Investors’ Personally Identifiable Information Act

This bill prohibits the Securities and Exchange Commission (SEC) from requiring national securities exchanges, associations, or their members to report investors' personally identifiable information (PII) for consolidated audit trail purposes. It directly affects financial market participants whose personal details - like names, addresses, Social Security numbers, email addresses, or IP addresses - would otherwise be shared under SEC rules. The law specifically blocks the SEC from mandating this PII for order or reportable event reporting under existing regulations. This is a policy change to limit the types of data collected and shared in market transparency systems.