,i  #aagth ,,congress  #ast ,session    
,h4 ,r4 #bjci  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ah1 #bjba,mr4
 ,loudermilk 7for himself1 ,mr4         
,huizenga1 ,mr4 ,hill1 ,mr4 ,davidson1  
and ,mr4 ,budd7 introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to prohibit the ,securities and
 ,exchange ,commission from requiring   
that personally identifiable information
 be collected under consolidated audit  
trail reporting requirements1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,protecting    
,investors' ,personally ,identifiable   
,information ,act4  #b4 ,personally     
identifiable information excluded from  
consolidated audit trail reporting      
requirements  7a7 ,in general ,except as
 provided in subsection 7b71 the        
,securities and ,exchange ,commission   
may not require a national securities   
exchange1 a national securities         
association1 or a member of such an     

exchange or association to provide      
personally identifiable information with
 respect to a market participant to meet
 the requirements relating to an order  
or a reportable event under section     
#bdb4fac7;c77#g7 of title #ag1 ,code of 
,federal ,regulations 7or successor     
regulations74  7b7 ,exception ,the      
,securities and ,exchange ,commission   
may only require a national securities  
exchange1 a national securities         
association1 or a member of such an     
exchange or association to provide      
personally identifiable information with
 respect to a market participant if the 
,commission makes a request for such    
information4  7c7 ,request for extension
 ,at the request of the ,securities and 
,exchange ,commission under subsection  
7b71 a national securities exchange1 a  
national securities association1 or a   
member of such an exchange or           
association shall provide the personally
 identifiable information subject to    
such request not later than #bd hours   

after receiving such request1 unless1 at
 the request of such national securities
 exchange1 a national securities        
association1 or a member of such an     
exchange or association1 the ,securities
 and ,exchange ,commission provides a   
reasonable extension4  7d7 ,destruction 
of personally identifiable information  
,in the case of personally identifiable 
information provided to the ,securities 
and ,exchange ,commission under         
subsection 7b71 the ,securities and     
,exchange ,commission shall destroy such
 information not later than #a day after
 the investigation or other matter for  
which such information was required is  
concluded4  7e7 ,definition of          
personally identifiable information ,in 
this section1 the term personally       
identifiable information-- 7#a7 means   
information that can be used to         
distinguish or trace an individual's    
identity1 either alone or when combined 
with other personal or identifying      
information that is linked or linkable  

to a specific individual1 including an  
individual's name1 address1 date or year
 of birth1 ,social ,security number1    
telephone number1 and email address2 and
  7#b7 does not include a               
,,cat-,order-,,id or                    
,,cat-,reporter-,,id1 as such terms are 
defined in section #bdb4fac7;j7 of title
 #ag1 ,code of ,federal ,regulations 7or
 successor regulations74