HR 4685 · 117th Congress · Finance and Financial Sector

Trading Isn’t a Game Act

Introduced 2021-07-26· Sponsored by Rep. Casten, Sean [D-IL-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 165.(2022-01-20)

Plain Language Summary

[AI summary unavailable — showing source text] This bill requires the Government Accountability Office (GAO) to study and report on the use of techniques including gamification (adding gamelike elements to encourage participation) and psychological nudges (behavioral interventions designed to influence decision-making) by online investment trading platforms. Further, the GAO must compare the investment activity, habits, and risk tolerance of customers exposed to such techniques and those who are not.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 4685, Trading Isn’t a Game Act

Dec 3, 2021

As ordered reported by the House Committee on Financial Services on July 29, 2021

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (3)

3 Democrats