HR-3973 : Still Just a Bill

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 Timeline

Action DateTypeTextSource
2017-11-14IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2017-11-13FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2017-11-13FloorOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9140)House floor actions
2017-11-13FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 3973.House floor actions
2017-11-13FloorConsidered under suspension of the rules. (consideration: CR H9140-9142)House floor actions
2017-11-13FloorMr. Huizenga moved to suspend the rules and pass the bill.House floor actions
2017-11-09CalendarsPlaced on the Union Calendar, Calendar No. 299.House floor actions
2017-11-09CommitteeReported by the Committee on Financial Services. H. Rept. 115-405.House floor actions
2017-10-12CommitteeOrdered to be Reported by the Yeas and Nays: 59 - 1.House committee actions
2017-10-12CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-10-11CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-10-05IntroReferralReferred to the House Committee on Financial Services.House floor actions
2017-10-05IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
See Subjects
  • Banking and financial institutions regulation
  • Securities

Related Bills

See Related Bills