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House Financial Services panel approves bill to halt collection of personal data under SEC program

January 18, 2018 |
Maggie Miller
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The House Financial Services Committee approved legislation today that would halt the collection of personally identifiable information by a new Securities and Exchange Commission data-collection system.

The American Customer Information Protection Act, sponsored by House Financial Services subcommittee on capital markets, securities, and investment Chairman Bill Huizenga (R-MI) and co-sponsored by subcommittee vice-chairman Randy Hultgren (R-IL), was approved on a party-line vote of 31-25. Committee Democrats spoke out forcefully against the bill.

The bill prohibits the SEC’s consolidated audit...

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