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US HB6161

Bill

Official Source

Status

Introduced

11/19/2025

Primary Sponsor

David Scott

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Requires the SEC to adopt data protection policies within 1 year of enactment to protect sensitive, nonpublic proprietary information obtained from investment advisers
  • Policies must be developed through notice and comment rulemaking and address circumstances when the SEC requests proprietary information
  • SEC must implement safeguards that consider the sensitivity level of the information and limit access to appropriate staff
  • Amends Section 204 of the Investment Advisers Act of 1940 (15 U.S.C. 80b–4) by adding new data protection requirements
  • Introduced November 19, 2025 with bipartisan support from 17 cosponsors and referred to the House Committee on Financial Services

Legislative Description

SEC Data Protection Act

Finance and financial sector

Last Action

Referred to the House Committee on Financial Services.

11/19/2025

Committee Referrals

Financial Services11/19/2025

Full Bill Text

No bill text available