Bills · HR 6161
IN COMMITTEE· 119TH CONGRESS
House BillHR 6161Finance and Financial Sector
SEC Data Protection Act
INTRO NOV 19· LAST ACTION NOV 19
READING
2MIN
COSPONSORS
21BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it aims to strengthen the security of confidential business information shared by financial professionals with their regulator, the SEC. In today's digital world, data breaches and misuse of information are serious concerns for businesses and can have significant financial consequences or compromise competitive advantages. If this bill becomes law, it could help prevent such incidents by setting clear standards for how the SEC must handle sensitive data.
Without this bill, the specific protections for proprietary, nonpublic information given to the SEC by investment advisers might remain less formalized, leaving more room for potential vulnerabilities or concerns about data handling. By requiring explicit policies, the bill seeks to build greater confidence among investment advisers that their confidential data will be kept secure, potentially encouraging more transparent reporting to the regulator without fear of misuse.
KEY PROVISIONS
3AI-extractedPROVISION 01
Requires the SEC to adopt new data protection policies and procedures.
This ensures the SEC creates a formal system to safeguard sensitive information it receives.
PROVISION 02
Policies must protect "sensitive, nonpublic proprietary information" from unlawful use or disclosure.
This focuses the bill on the specific type of confidential business data that needs protection.
PROVISION 03
The policies must address when the SEC requests information, how it's safeguarded based on sensitivity, and limit access to appropriate staff.
This outlines the essential components and specific controls that the SEC's data protection measures must include.
SPONSORSHIP
1 + 21
D· Georgia
YRS IN OFFICE
23
BILLS LED
18
COSPONSOR BREAKDOWNBIPARTISAN · 85%
DEM 9 REP 12 IND 0
ACTION TIMELINE
2 EVENTSNOV 19
Introduced in House
NOV 19
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 6161
Congress119th
StatusIn Committee
IntroducedNov 19, 2025
Last actionNov 19, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED NOV 19, 2025
House BillHR 6161Finance and Financial Sector
SEC Data Protection Act
INTRODUCED NOV 19, 2025· LAST ACTION NOV 19, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
21
COMPLEXITY
Moderate
