HR 4685 · 117th Congress · Finance and Financial Sector
Trading Isn’t a Game Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 165.(2022-01-20)
Plain Language Summary
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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 OfficeH.R. 4685, Trading Isn’t a Game Act
Dec 3, 2021As 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