H.R. 3973 · 115th Congress
Market Data Protection Act of 2017
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 115th Congress ended.
R
DavidsonSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Oct 5, 2017
- House Passed Nov 13, 2017
The operator of the consolidated audit trail may not accept market data until these mechanisms are developed.
What it does: CRS summary · Passed House without amendment · Nov 13, 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Market Data Protection Act of 2017
Latest action (Nov 14, 2017): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 5, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Oct 5, 2017
- House Passed Nov 13, 2017
No recorded floor vote found.