,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #bjci  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ah1 #bjba,mr4   
,l\d]milk 7= himself1 ,mr4 ,huiz5ga1    
,mr4 ,hill1 ,mr4 ,davidson1 & ,mr4      
,budd7 introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to prohibit !     
,securities & ,ex*ange ,commission f    
requir+ t p]sonally id5tifiable         
in=mation be collect$ "u consolidat$    
audit trail report+ requirem5ts1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,protect+ ,inve/ors'    
,p]sonally ,id5tifiable ,in=mation ,act4
  #b4 ,p]sonally id5tifiable in=mation  
exclud$ f consolidat$ audit trail       
report+ requirem5ts  7a7 ,9 g5]al       
,except z provid$ 9 subsection 7b71 !   
,securities & ,ex*ange ,commission may n
 require a national securities ex*ange1 
a national securities association1 or a 
memb] ( su* an ex*ange or association to
 provide p]sonally id5tifiable in=mation
 ) respect to a m>ket p>ticipant to meet

 ! requirem5ts relat+ to an ord] or a   
reportable ev5t "u section              
#bdb4fac7;c77#g7 ( title #ag1 ,code (   
,f$]al ,regulations 7or successor       
regulations74  7b7 ,exception ,!        
,securities & ,ex*ange ,commission may  
only require a national securities      
ex*ange1 a national securities          
association1 or a memb] ( su* an ex*ange
 or association to provide p]sonally    
id5tifiable in=mation ) respect to a    
m>ket p>ticipant if ! ,commission makes 
a reque/ = su* in=mation4  7c7 ,reque/ =
 ext5sion ,at ! reque/ ( ! ,securities &
 ,ex*ange ,commission "u subsection 7b71
 a national securities ex*ange1 a       
national securities association1 or a   
memb] ( su* an ex*ange or association   
%all provide ! p]sonally id5tifiable    
in=mation subject to su* reque/ n lat]  
?an #bd h\rs aft] receiv+ su* reque/1   
unless1 at ! reque/ ( su* national      
securities ex*ange1 a national          
securities association1 or a memb] ( su*
 an ex*ange or association1 !           

,securities & ,ex*ange ,commission      
provides a reasonable ext5sion4  7d7    
,de/ruction ( p]sonally id5tifiable     
in=mation ,9 ! case ( p]sonally         
id5tifiable in=mation provid$ to !      
,securities & ,ex*ange ,commission "u   
subsection 7b71 ! ,securities & ,ex*ange
 ,commission %all de/roy su* in=mation n
 lat] ?an #a day aft] ! inve/igation or 
o!r matt] = :i* su* in=mation 0 requir$ 
is conclud$4  7e7 ,def9ition ( p]sonally
 id5tifiable in=mation ,9 ?is section1 !
 t]m p]sonally id5tifiable in=mation--  
7#a7 means in=mation t c be us$ to      
di/+ui% or trace an individual's        
id5tity1 ei!r alone or :5 comb9$ ) o!r  
p]sonal or id5tify+ in=mation t is l9k$ 
or l9kable to a specific individual1    
includ+ an individual's "n1 address1    
date or ye> ( bir?1 ,social ,security   
numb]1 telephone numb]1 & email address2
 &  7#b7 does n include a               
,,cat-,ord]-,,id or ,,cat-,report]-,,id1
 z su* t]ms are def9$ 9 section         
#bdb4fac7;j7 ( title #ag1 ,code ( ,f$]al

 ,regulations 7or successor             
regulations74