Protecting Investors’ Personally Identifiable Information Act

HR 4551 (Protecting Investors’ Personally Identifiable Information Act) prevents the Securities and Exchange Commission (SEC) from requiring securities exchanges or associations to share investors' personal details - such as names, addresses, or Social Security numbers - for routine reporting. The SEC may only request such information during investigations into securities law violations, and exchanges must provide it within 24 hours. The SEC must destroy this data within one day after the investigation concludes. This law directly protects investors' privacy by limiting when their personally identifiable information can be collected and retained.