SEC Data Protection Act

This bill would require the Securities and Exchange Commission (SEC) to adopt policies and procedures within one year to protect sensitive, nonpublic proprietary information it gets from investment advisers. The SEC would have to take public notice and comment before adopting the policies. The policies would cover when the SEC requests such information, how the information is safeguarded based on its sensitivity, which staff can access it, and protection against unlawful use or disclosure.

Full text and official record on Congress.gov

Sponsors

• 21 cosponsors