SEC Data Protection Act
Sponsored By: Representative Scott, David
Introduced
Summary
**This bill would require the SEC to adopt formal rules to protect *sensitive, nonpublic proprietary information* it receives from investment advisers.** It sets a one year deadline and directs the agency to write those protections through notice-and-comment rulemaking.
Show full summary
- Investment advisers. Advisers who provide proprietary information to the SEC would get explicit safeguards for that information and a clear timeline for when protections must be in place.
- SEC staff and access controls. The rules would limit who at the SEC can access the information by requiring that access go only to appropriate staff.
- What the rules must cover. The policies must explain when the SEC can request such information, tailor safeguards to how sensitive the data is, limit access, and protect against unlawful use or disclosure.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Stronger SEC privacy rules for adviser data
If enacted, the SEC would have 1 year to set data protection rules for investment adviser information. The rules would be set after public notice and comment. They would cover sensitive, nonpublic proprietary data, as the SEC defines it. Access would be limited to appropriate staff, with safeguards based on how sensitive the data is and when the SEC requests it. The aim would be to prevent unlawful use or disclosure.
Sponsors & CoSponsors
Sponsor
Scott, David
GA • D
Cosponsors
Loudermilk
GA • R
Sponsored 11/19/2025
Rep. Foster, Bill [D-IL-11]
IL • D
Sponsored 11/19/2025
Rep. Wagner, Ann [R-MO-2]
MO • R
Sponsored 11/19/2025
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 11/19/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 11/19/2025
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 11/19/2025
Davidson
OH • R
Sponsored 11/19/2025
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 11/19/2025
Rep. Kim, Young [R-CA-40]
CA • R
Sponsored 11/19/2025
Himes
CT • D
Sponsored 11/19/2025
Fitzgerald
WI • R
Sponsored 11/19/2025
Gonzalez, V.
TX • D
Sponsored 11/19/2025
Salazar
FL • R
Sponsored 11/19/2025
Rep. Bynum, Janelle S. [D-OR-5]
OR • D
Sponsored 11/19/2025
Rep. De La Cruz, Monica [R-TX-15]
TX • R
Sponsored 11/19/2025
Carson
IN • D
Sponsored 11/19/2025
Rep. Nunn, Zachary [R-IA-3]
IA • R
Sponsored 12/1/2025
Stutzman
IN • R
Sponsored 12/1/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 12/3/2025
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 12/17/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov