,,ii  #aah? ,,congress  #a/ ,session    
,s4 #bbcj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #aa1 #bjbc,mr4   
,k5n$y 7= himself1 ,mr4 ,boozman1 ,mr4  
,moran1 ,mr4 ,cotton1 ,mr4 ,da9es1 ,mrs4
 ,britt1 ,mr4 ,r\nds1 & ,mr4 ,tub]ville7
 introduc$ ! 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 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 ,def9itions ,9 ?is     
section3 7#a7 ,commission ,! t]m        
,commission means ! ,securities &       
,ex*ange ,commission4  7#b7 ,p]sonally  
id5tifiable in=mation ,! t]m p]sonally  
id5tifiable in=mation-- 7,a7 means      

in=mation t c be us$ to di/+ui% or trace
 ! id5tity ( an individual1 ei!r alone  
or :5 comb9$ ) o!r p]sonal or id5tify+  
in=mation t is l9k$ or l9kable to t     
individual1 includ+ ! "n1 address1 date 
or ye> ( bir?1 ,social ,security numb]1 
telephone numb]1 email address1 or      
,,ip-address ( ! individual2 &  7,b7    
does n include a ,,cat-,ord]-,,id or    
,,cat-,report]-,,id1 z ^? t]ms are def9$
 9 section #bdb4fac7;j7 ( title #ag1    
,code ( ,f$]al ,regulations1 or any     
successor regulation4  7b7 ,prohibition 
,except z provid$ 9 subsection 7c71 !   
,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 ,regulations1 or any successor   
regulation4  7c7 ,exception ,!          

,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>ticipant1 z        
describ$ 9 subsection 7b71 if-- 7#a7 !  
,commission makes a reque/ = t          
in=mation2 &  7#b7 ! in=mation is relat$
 to an inve/igation (-- 7,a7 a violation
 ( ! ,f$]al securities laws or a        
regulation issu$ "u ! ,f$]al securities 
laws2 or  7,b7 an en=cem5t action )     
respect to a violation describ$ 9       
subp>agraph 7,a74  7d7 ,reque/ =        
ext5sion ,at ! reque/ ( ! ,commission "u
 subsection 7c71 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 t     
reque/ n lat] ?an #bd h\rs aft] receiv+ 
t reque/1 unless1 at ! reque/ ( t       
national securities ex*ange1 national   
securities association1 or memb]1 !     

,commission provides a reasonable       
ext5sion4  7e7 ,de/ruction ( p]sonally  
id5tifiable in=mation ,9 ! case (       
p]sonally id5tifiable in=mation provid$ 
to ! ,commission "u subsection 7c71 !   
,commission %all de/roy t in=mation n   
lat] ?an #a day aft] ! conclusion ( !   
inve/igation or o!r matt] = :i* t       
in=mation 0 requir$4