,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gefd  ,,in ,,the ,,house ,,of  
,,representatives  ,july #i1 #bjbj,mr4  
,david ,scott of ,georgia 7for himself  
and ,mr4 ,loudermilk7 introduced the    
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to amend the ,investment    
,advisers ,act of #aidj to require the  
,securities and ,exchange ,commission to
 adopt data protection policies for     
information the ,commission receives    
from investment advisers1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,,sec ,data         
,protection ,act4  #b4 ,procedure for   
data protection ,section #bjd of the    
,investment ,advisers ,act of #aidj 7#ae
 ,u4,s4,c4 #hj;b-#d7 is amended-- 7#a7  
by redesignating the second subsection  
7d7 7relating to records of persons with
 custody or use7 as subsection 7e72 and 
7#b7 by adding at the end the following3
  7f7 ,data protection policies ,not    
later than #a year after the date of    

enactment of this subsection1 the       
,commission shall adopt1 after notice   
and comment1 policies and procedures    
reasonably designed to protect          
sensitive1 nonpublic proprietary        
information1 as determined by the       
,commission1 that the ,commission       
obtains or receives from an investment  
adviser subject to this section1 from   
unlawful use or disclosure4 ,such       
policies and procedures shall-- 7#a7    
address circumstances when the          
,commission requests such proprietary   
information2  7#b7 safeguard the        
information1 taking into consideration  
the level of sensitivity of the         
information2  7#c7 limit access to the  
information to appropriate staff1 as    
determined by the ,commission2 and  7#d7
 protect the information from unlawful  
use or disclosure4  4