,,ii  #aae? ,,congress  #b;d ,session   
,s4 #cgcc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #aj1 #bjah,mr4
 ,p]due introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to prohibit ! ,securities &    
,ex*ange ,commission f compell+ a p]son 
to produce or furni% algori?mic trad+   
s\rce code or simil> intellectual       
prop]ty to ! ,commission unless !       
,commission fir/ issues a subpo5a1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,protection ( ,s\rce   
,code ,act4  #b4 ,proc$ure = obta9+     
c]ta9 intellectual prop]ty  7a7 ,p]sons 
"u ,securities ,act ( #aicc ,section #h 
( ! ,securities ,act ( #aicc 7#ae       
,u4,s4,c4 #gg;h7 is am5d$ by add+ at !  
end ! foll[+3  7g7 ,proc$ure = obta9+   
c]ta9 intellectual prop]ty ,"u ?is      
title1 ! ,commission may n compel a     
p]son to produce or furni% s\rce code1  
includ+ algori?mic trad+ s\rce code or  
simil> intellectual prop]ty t =ms !     

basis = design ( ! s\rce code1 to !     
,commission unless ! ,commission fir/   
issues a subpo5a4  4  7b7 ,p]sons "u !  
,securities ,ex*ange ,act ( #aicd       
,section #bc ( ! ,securities ,ex*ange   
,act ( #aicd 7#ae ,u4,s4,c4 #ghw7 is    
am5d$ by add+ at ! end ! foll[+3  7e7   
,proc$ure = obta9+ c]ta9 intellectual   
prop]ty ,"u ?is title1 ! ,commission may
 n compel a p]son to produce or furni%  
s\rce code1 includ+ algori?mic trad+    
s\rce code or simil> intellectual       
prop]ty t =ms ! basis = design ( ! s\rce
 code1 to ! ,commission unless !        
,commission fir/ issues a subpo5a4  4   
7c7 ,inve/m5t ,companies ,section #ca ( 
! ,inve/m5t ,company ,act ( #aidj 7#ae  
,u4,s4,c4 #hj;a-#cj7 is am5d$ by add+ at
 ! end ! foll[+3  7e7 ,proc$ure = obta9+
 c]ta9 intellectual prop]ty ,"u ?is     
title1 ! ,commission may n compel an    
inve/m5t company to produce or furni%   
s\rce code1 includ+ algori?mic trad+    
s\rce code or simil> intellectual       
prop]ty t =ms ! basis = design ( ! s\rce

 code1 to ! ,commission unless !        
,commission fir/ issues a subpo5a4  4   
7d7 ,inve/m5t ,advis]s ,section #bjd ( !
 ,inve/m5t ,advis]s ,act ( #aidj 7#ae   
,u4,s4,c4 #hj;b-#d7 is am5d$-- 7#a7 by  
r$esignat+ ! second subsection 7d7      
7relat+ to records ( p]sons ) cu/ody or 
use7 z subsection 7e72 &  7#b7 by add+  
at ! end ! foll[+3  7f7 ,proc$ure =     
obta9+ c]ta9 intellectual prop]ty ,"u   
?is title1 ! ,commission may n compel an
 inve/m5t advis] to produce or furni%   
s\rce code1 includ+ algori?mic trad+    
s\rce code or simil> intellectual       
prop]ty t =ms ! basis = design ( ! s\rce
 code1 to ! ,commission unless !        
,commission fir/ issues a subpo5a4  4