Back to all bills
HR 6161119th CongressIn Committee
SEC Data Protection Act
Introduced: Nov 19, 2025
Sponsor: Rep. Scott, David [D-GA-13] (D-Georgia)
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill amends the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to establish data protection policies and procedures within one year of enactment to safeguard sensitive, nonpublic proprietary information received from investment advisers. The policies must address when the SEC requests such information, safeguard the information based on sensitivity levels, limit access to appropriate staff, and protect against unlawful use or disclosure.
Key Points
- 1Requires SEC to establish data protection policies for investment adviser information
- 2One-year deadline for implementation after enactment
- 3Policies must address when SEC requests proprietary information
- 4Requires safeguards based on information sensitivity levels
- 5Limits access to appropriate SEC staff
- 6Protects against unlawful use or disclosure
Impact Areas
Securities and Exchange CommissionInvestment advisersData protectionFinancial regulationCybersecurityInvestor protection
Generated by kwaipilot/kat-coder-pro:free on Dec 6, 2025