Protecting Investors’ Personally Identifiable Information Act

# Protecting Investors' Personally Identifiable Information Act Summary **What It Would Do:** This bill aims to strengthen privacy protections for people who invest in the stock market and other securities. Specifically, it would require the Securities and Exchange Commission (SEC)—the federal agency that regulates investment markets—to establish new rules protecting investors' personal information (like names, Social Security numbers, and financial details) from unauthorized access, theft, and misuse. The legislation would create standards for how investment firms and brokers handle sensitive investor data. **Who It Affects:** The bill primarily affects individual investors, investment companies, and stock brokers.

It would also impact the SEC, which would need to develop and enforce the new privacy rules. Any firm that handles investor information would need to comply with the new requirements. **Current Status:** As of now, the bill is in committee, meaning it's under review by the relevant House committee and has not yet advanced to a full vote in Congress. The bill was introduced in the 119th Congress by Representative Barry Loudermilk (R-GA).