Market Data Protection Act of 2017

Bill: 115-hr-3973
Sponsor: Rep. Davidson, Warren [R-OH-8]
Introduced: 2017-10-05 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Securities

Summary:
action_date: 2017-10-05
text: 

Market Data Protection Act of 2017

 
This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.
 
The operator of the consolidated audit trail may not accept market data until these mechanisms are developed. 

action_date: 2017-11-09
text: 

Market Data Protection Act of 2017

 
This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.
 
The operator of the consolidated audit trail may not accept market data until these mechanisms are developed. 

action_date: 2017-11-13
text: 

Market Data Protection Act of 2017

 
(Sec. 2) This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.
 
The operator of the consolidated audit trail may not accept market data until these mechanisms are developed. 


Legislative actions:
action_date: 2017-11-14
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2017-11-13
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2017-11-13
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9140)
action_date: 2017-11-13
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9140)
action_date: 2017-11-13
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3973.
action_date: 2017-11-13
text: Considered under suspension of the rules. (consideration: CR H9140-9142)
action_date: 2017-11-13
text: Mr. Huizenga moved to suspend the rules and pass the bill.
action_date: 2017-11-09
text: Placed on the Union Calendar, Calendar No. 299.
action_date: 2017-11-09
text: Reported by the Committee on Financial Services. H. Rept. 115-405.
action_date: 2017-11-09
text: Reported by the Committee on Financial Services. H. Rept. 115-405.
action_date: 2017-10-12
text: Ordered to be Reported by the Yeas and Nays: 59 - 1.
action_date: 2017-10-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-11
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-05
text: Referred to the House Committee on Financial Services.
action_date: 2017-10-05
text: Introduced in House
action_date: 2017-10-05
text: Introduced in House