HR 3973 · 115th Congress · Finance and Financial Sector
Market Data Protection Act of 2017
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2017-11-14)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3973, Market Data Protection Act of 2017
Nov 9, 2017As ordered reported by the House Committee on Financial Services on October 12, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office