Barry Loudermilk (R-GA)
Protecting Investors’ Personally Identifiable Information Act
A Republican bill with 5 Republican cosponsors · See all 5 cosponsors
Last activity — Placed on the Union Calendar, Calendar No. 687.
Cleared committee, waiting for its first floor vote
A committee approved it and it is on the calendar of the chamber it started in.
This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.
Its path through Congress
- Introduced
- On Calendar
What this bill would do
H.R. 1483, known as the "Protecting Investors' Personally Identifiable Information Act," stops the Securities and Exchange Commission (SEC) from requiring certain groups to provide personally identifiable information. It applies to national securities exchanges, national securities associations, and members of those exchanges or associations. This restriction specifically concerns requirements for orders or reportable events under section 242.613(c)(7) of title 17, Code of Federal Regulations.
Yes· 3 of 15
- Scored +9
Does this protect people from being watched or searched?
Strongly enhances individual privacy by preventing the SEC from requiring sensitive PII.
- Scored +8
Does this give people more control over their personal data?
Explicitly prohibits the collection of wide-ranging personally identifiable information, significantly enhancing privacy.
- Scored +6
Would people with substantial wealth be better off under this?
High net worth individuals often have higher privacy concerns regarding their PII.
The opposite
- Scored -5
Does this give the federal government more power?
Restricts the power of a federal agency (SEC) to mandate the collection of specific data.
- Scored -5
Does this give the government more power to monitor people inside the country?
Actually decreases the government's ability to collect detailed personal data on market participants.
Who it would affect, and how
Potential Positive Impacts for People
- Protection of Personal Data: Section 2(a) and 2(b) prevent the SEC from requiring the collection of sensitive data like Social Security numbers, addresses, and biometric data. This keeps a wide range of an individual's private information from being collected under consolidated audit trail reporting requirements.
Potential Negative Impacts for People
- No negative impacts for people are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would billionaires be better off under this? — Ensures their highly sensitive personal information is not required by the SEC in this context. Would people with substantial wealth be better off under this? — High net worth individuals often have higher privacy concerns regarding their PII. Would the very wealthiest people be better off under this? — Strongly protects the privacy of very wealthy investors. Would business owners be better off under this? — Reduces the compliance burden and liability for business owners operating as exchange members. Would high-income households be better off under this? — Increases privacy for high-income individual investors. Would immigrants be better off under this? — Prevents the mandatory collection of alien registration numbers in this specific reporting context. Would people in middle age be better off under this? — Protects the personal data of investors across age groups. Would middle-income households be better off under this? — Increases privacy for middle-class individual investors. Would retired people be better off under this? — Protects the personal identity information of retiree investors. Would people over 65 be better off under this? — Protects seniors from potential identity theft resulting from centralized PII collection. Would people in their twenties and thirties be better off under this? — Provides better data privacy for digital-native investors.
- Education And Technology
- Does this give people more control over their personal data? — Explicitly prohibits the collection of wide-ranging personally identifiable information, significantly enhancing privacy.
- Economy And Finance
- Does this give people more protection from unfair business practices? — Protects investors from the potential risks associated with the collection of their sensitive personal data by the SEC.
- Governance And Ideology
- Does this protect people from being watched or searched? — Strongly enhances individual privacy by preventing the SEC from requiring sensitive PII. Does this give the federal government more power? — Restricts the power of a federal agency (SEC) to mandate the collection of specific data.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — Reduces the amount of sensitive PII stored in government databases, lowering the impact of potential data breaches. Does this give the government more power to monitor people inside the country? — Actually decreases the government's ability to collect detailed personal data on market participants.
- 9/1/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-787.
- Placed on the Union Calendar, Calendar No. 687.
- 6/30/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 21.
- 3/27/2025
- 1 Cosponsor added.
- 3/3/2025
- 1 Cosponsor added.
- 2/21/2025
- Referred to the House Committee on Financial Services.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Troy DowningRepublican · Montana
Bill HuizengaRepublican · Michigan
Daniel MeuserRepublican · Pennsylvania
Zachary NunnRepublican · Iowa
Ann WagnerRepublican · Missouri