,,ii  #aaith ,,congress  #ast ,session  
,s4 #feh  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bj1      
#bjbe,mr4 ,kennedy 7for himself1 ,mr4   
,ricketts1 ,mr4 ,daines1 ,mr4 ,boozman1 
,mrs4 ,britt1 ,mr4 ,moran1 ,mr4 ,cotton1
 and ,mr4 ,lee7 introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,banking1         
,housing1 and ,urban ,affairs  ,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 ,definitions ,in this 
section3 7#a7 ,commission ,the term     
,commission means the ,securities and   
,exchange ,commission4  7#b7 ,personally

 identifiable information ,the term     
personally identifiable information     
means information that can be used to   
distinguish or trace the identity of an 
individual1 either alone or when        
combined with other personal or         
identifying information that is linked  
or linkable to that individual1         
including the name1 address1 date or    
year of birth1 ,social ,security number1
 telephone number1 email address1 or    
,,ip-address of the individual4  7b7    
,prohibition ,except as provided in     
subsection 7c71 the ,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 ,regulations1 or any successor 
regulation4  7c7 ,exception ,the        

,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    
participant1 as described in subsection 
7b71 if-- 7#a7 the ,commission makes a  
request for that information2 and  7#b7 
the information is related to an        
investigation of-- 7,a7 a violation of  
the ,federal securities laws or a       
regulation issued under the ,federal    
securities laws2 or  7,b7 an enforcement
 action with respect to a violation     
described in subparagraph 7,a74  7d7    
,request for extension ,at the request  
of the ,commission under subsection 7c71
 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    
that request not later than #bd hours   
after receiving that request1 unless1 at

 the request of that national securities
 exchange1 national securities          
association1 or member1 the ,commission 
provides a reasonable extension4  7e7   
,destruction of personally identifiable 
information ,in the case of personally  
identifiable information provided to the
 ,commission under subsection 7c71 the  
,commission shall destroy that          
information not later than #a day after 
the conclusion of the investigation or  
other matter for which that information 
was required4