Prohibit the Securities and Exchange Commission from requiring personally identifiable information to be collected under consolidated audit trail reporting requirements.
Commitment kind: action. Promised action: Prohibit the Securities and Exchange Commission from requiring personally identifiable information to be collected under consolidated audit trail reporting requirements.. Promised outcome: Personally identifiable information would not be required to be collected under consolidated audit trail reporting requirements.. Deadline: unknown; not assumed expired. 119th Congress, H.R. 1483, federal legislation sponsored by Barry Loudermilk of Georgia.
Occurrences
Full Title To prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes.
Barry Loudermilk sponsored H.R. 1483, a bill aimed at prohibiting the SEC from requiring collection of personally identifiable information under consolidated audit trail reporting rules.
unverified · Source version 54284 · locator unknown
"To prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The latest official bill text matches the commitment, but the measure was only reported in the House and placed on the Union Calendar, not enacted.
unverified · Source version 54286 · locator unknown
"Over the last year, the Commission has issued exemptive relief and approved amendments to the national market system plan governing the CAT that have, among other benefits, reduced the CAT’s projected annual operating costs by over $100 million and permanently eliminated the reporting of personal identifiable information to the CAT."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): SEC says agency actions permanently eliminated CAT reporting of PII, partially satisfying the policy substance without showing enactment of Loudermilk’s statutory prohibition.
unverified · Source version 67068 · locator unknown
"H.R. 1483.-- To prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes. Referred to Financial Services Feb. 21, 2025. Reported amended Sept. 1, 2026; Rept. 119-787. Union Calendar................................................Union 687"
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The latest official House calendar in the lookback window still lists H.R. 1483 on the Union Calendar after committee reporting, with no House passage, Senate passage, or enactment shown.
unverified · Source version 67070 · locator unknown
"reports favorably thereon with an amendment and recommends that the bill as amended do pass."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The committee report documents concrete legislative effort in the lookback window, but it is a recommendation to pass rather than enacted law.
unverified · Source version 67070 · locator unknown
"While the SEC announced in 2025 that it would exempt the reporting of PII in the CAT, legislation is needed to make this protection permanent and safeguard the privacy of Americans, including main street investors."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The House report itself distinguishes current SEC exemption from the bill's goal of making the protection permanent, supporting partial administrative delivery but unresolved statutory delivery.
unverified · Source version 67072 · locator unknown
"The SEC does not collect that information under current law; therefore, CBO estimates that enacting the bill would not affect the federal budget."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): CBO confirms the SEC does not currently collect the covered personally identifiable information, indicating the policy substance is partly achieved administratively even though H.R. 1483 has not become law.
unverified · Source version 67074 · locator unknown
"The Commission considered the trade-off between the protection of investors’ personal information and losses to regulatory efficiency that would result from eliminating this information from the CAT and has concluded that the regulatory benefit of collecting this information no longer justifies the associated risks."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The SEC order provides primary legal support that the agency acted to eliminate personal-information collection from CAT, but it does not enact Loudermilk's statutory prohibition.
partialsame_term
34-105107.pdf
secondary · model gpt-5.5 · confidence 88%
unverified · Source version 78923 · locator unknown
"H.R. 1483.-- To prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes. Referred to Financial Services Feb. 21, 2025. Reported amended Sept. 1, 2026; Rept. 119-787. Union Calendar................................................Union 687"
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The latest official House calendar located in the lookback window still lists H.R. 1483 only as reported and on the Union Calendar, with no House passage, Senate passage, presentation to the President, or public law status shown.
unverified · Source version 78925 · locator unknown
"During my tenure, the Commission has achieved significant reductions in the annual operating costs of the Consolidated Audit Trail (“CAT”) and eliminated reporting of personally identifiable information to the CAT."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The SEC chairman states that Commission actions eliminated PII reporting to CAT, supporting partial administrative delivery while the statutory prohibition in H.R. 1483 remains unenacted.
unverified · Source version 90410 · locator unknown
"H.R. 1483.-- To prohibit the Securities and Exchange Commission from requiring that personally identifiable information be collected under consolidated audit trail reporting requirements, and for other purposes. Referred to Financial Services Feb. 21, 2025. Reported amended Sept. 1, 2026; Rept. 119-787. Union Calendar................................................Union 687"
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The latest official House calendar located in the lookback window still lists H.R. 1483 as reported and on the Union Calendar, with no House passage, Senate passage, presentation to the President, approval, or public law status shown.
unverified · Source version 90412 · locator unknown
"H.R. 1483 Mr. Hill of Arkansas To prohibit the 687"
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The current Union Calendar entry places H.R. 1483 at Union Calendar No. 687, confirming it remains a House calendar item rather than an enacted statutory prohibition.
unverified · Source version 90414 · locator unknown
"H.R. 1483, the Protecting Investors’ Personally Identifiable Information Act (as amended), was ordered to be reported favorably by a recorded vote of 27 YEAS and 21 NAYS."
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The House Financial Services Committee record documents concrete legislative effort to advance H.R. 1483, but committee reporting is short of enactment.