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[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4785 Reported in House (RH)]

<DOC>

                                                 Union Calendar No. 510
115th CONGRESS
  2d Session
                                H. R. 4785

                          [Report No. 115-663]

  To prohibit the consolidated audit trail from accepting personally 
            identifying information, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 12, 2018

 Mr. Huizenga (for himself and Mr. Hultgren) introduced the following 
    bill; which was referred to the Committee on Financial Services

                              May 7, 2018

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed

_______________________________________________________________________

                                 A BILL

 
  To prohibit the consolidated audit trail from accepting personally 
            identifying information, and for other purposes.

 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Customer Information 
Protection Act''.

SEC. 2. NO ACCEPTANCE OF PERSONALLY IDENTIFYING INFORMATION.

    (a) In General.--The consolidated audit trail may not accept 
personally identifying information.
    (b) Exception for Large Traders.--Subsection (a) shall not apply to 
information accepted by the consolidated audit trail in connection with 
large traders.
    (c) Definitions.--For purposes of this section:
            (1) Consolidated audit trail.--The term ``consolidated 
        audit trail'' means the consolidated audit trail created by the 
        national market system plan approved pursuant to section 
        242.613 and section 242.608 of title 17, Code of Federal 
        Regulations (or any successor regulation).
            (2) Large trader.--The term ``large trader'' has the 
        meaning given that term under section 13(h)(8) of the 
        Securities Exchange Act of 1934 (15 U.S.C. 78m(h)(8)).
            (3) Personally identifying information.--The term 
        ``personally identifying information'' includes--
                    (A) Social Security numbers;
                    (B) individual taxpayer identification numbers;
                    (C) other customer identifying information, when 
                taken alone or together, sufficient to identify an 
                individual, such as names, addresses, dates of birth, 
                account numbers; and
                    (D) any other information the Securities and 
                Exchange Commission determines could be defined as 
                personally identifying information.
                                                 Union Calendar No. 510

115th CONGRESS

  2d Session

                               H. R. 4785

                          [Report No. 115-663]

_______________________________________________________________________

                                 A BILL

  To prohibit the consolidated audit trail from accepting personally 
            identifying information, and for other purposes.

_______________________________________________________________________

                              May 7, 2018

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed
```