,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #cidh  ,,in ,,the ,,house ,,of  
,,representatives  ,october #d1         
#bjag,mr4 ,duffy 7for himself1 ,mr4     
,david ,scott of ,georgia1 and ,mr4     
,hultgren7 introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to prohibit the ,securities and
 ,exchange ,commission from compelling a
 person to produce or furnish           
algorithmic trading source code or      
similar intellectual property to the    
,commission unless the ,commission first
 issues a subpoena1 and for other       
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,protection of      
,source ,code ,act4  #b4 ,procedure for 
obtaining certain intellectual property 
7a7 ,persons under ,securities ,act of  
#aicc ,section #h of the ,securities    
,act of #aicc 7#ae ,u4,s4,c4 #gg;h7 is  
amended by adding at the end the        
following3  7g7 ,procedure for obtaining
 certain intellectual property ,the     

,commission is not authorized to compel 
under this title a person to produce or 
furnish source code1 including          
algorithmic trading source code or      
similar intellectual property that forms
 the basis for design of or provides    
insight to the source code1 to the      
,commission unless the ,commission first
 issues a subpoena4  4  7b7 ,persons    
under the ,securities ,exchange ,act of 
#aicd ,section #bc of the ,securities   
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#ghw7 is amended by adding at the end   
the following3  7e7 ,procedure for      
obtaining certain intellectual property 
,the ,commission is not authorized to   
compel under this title a person to     
produce or furnish source code1         
including algorithmic trading source    
code or similar intellectual property   
that forms the basis for design of or   
provides insight to the source code1 to 
the ,commission unless the ,commission  
first issues a subpoena4  4  7c7        
,investment ,companies ,section #ca of  

the ,investment ,company ,act of #aidj  
7#ae ,u4,s4,c4 #hj;a-#cj7 is amended by 
adding at the end the following3  7e7   
,procedure for obtaining certain        
intellectual property ,the ,commission  
is not authorized to compel under this  
title an investment company to produce  
or furnish source code1 including       
algorithmic trading source code or      
similar intellectual property that forms
 the basis for design of or provides    
insight to the source code1 to the      
,commission unless the ,commission first
 issues a subpoena4  4  7d7 ,investment 
,advisers ,section #bjd of the          
,investment ,advisers ,act of #aidj 7#ae
 ,u4,s4,c4 #hj;b-#d7 is amended-- 7#a7  
by adding at the end the following3  7f7
 ,procedure for obtaining certain       
intellectual property ,the ,commission  
is not authorized to compel under this  
title an investment adviser to produce  
or furnish source code1 including       
algorithmic trading source code or      
similar intellectual property that forms

 the basis for design of or provides    
insight to the source code1 to the      
,commission unless the ,commission first
 issues a subpoena4  2 and  7#b7 in the 
second subsection 7d71 by striking 7d7  
and inserting 7e74