Protecting Investors’ Personally Identifiable Information Act

# Protecting Investors' Personally Identifiable Information Act (S 658) **What the Bill Would Do** This bill aims to strengthen privacy protections for people who invest in securities (stocks, bonds, and similar financial products). It would establish new requirements for how investment firms and brokers handle and safeguard investors' personal information, such as names, Social Security numbers, account details, and financial records. The legislation is designed to prevent data breaches and unauthorized access to sensitive investor data. **Who It Affects and Key Provisions** The bill would primarily impact investment firms, brokerage companies, and financial institutions that manage investor accounts.

While specific provisions aren't detailed in the available information, bills of this type typically include measures like requiring stronger data security standards, establishing notification procedures if a breach occurs, and potentially imposing penalties for non-compliance. Individual investors would benefit from enhanced privacy protections and greater control over their personal financial information. **Current Status** As of now, S 658 is in committee, meaning it has been introduced but has not yet been debated or voted on by the full Senate. The bill was sponsored by Senator John Kennedy (R-LA).