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house Bill H.R. 3973

Market Data Protection Act of 2017

Bill Details

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Title

Market Data Protection Act of 2017

Official Title

To amend the Securities Exchange Act of 1934 to require certain entities to develop internal risk control mechanisms to safeguard and govern the storage of market data.

Summary

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.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed November 13th, 2017
    Passed by Voice Vote
      house Committees
      Committee on Financial Services
    IntroducedOctober 5th, 2017

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