Latest action: Placed on the Union Calendar, Calendar No. 687.
Committee has approved the bill (usually with amendments) and sent it back to the full chamber.
The committee voted to send the bill to the floor of the full chamber. The Speaker of the House schedules a floor vote.
Next: Passed One Chamber
The other chamber (Senate or House) repeats the committee + floor-vote process
Requires investment firms to protect customer personal information from theft and misuse.
The problem
Investment companies collect sensitive customer data like Social Security numbers and addresses. This information needs stronger protection rules to prevent identity theft and fraud.
The proposal
Sets federal standards requiring investment firms to safeguard customer personal information, report breaches quickly, and implement security measures.
The impact
Investment firms must spend money on security. Customers get better protection. Data breaches must be reported faster to affected people.
Customers' personal information like Social Security numbers would be safer from hackers and thieves. Faster reporting of breaches means people can respond quicker if their information is stolen.
Investment firms would know exactly what security steps they must take nationwide. This creates consistent standards instead of different rules in different states.
Companies must report breaches quickly, which helps authorities find criminals faster. This can prevent bigger fraud problems down the road.
Small investment companies may struggle to afford expensive new security systems and compliance staff. This could put smaller firms at a disadvantage compared to large ones.
Investment companies may pass security costs to customers through higher fees. People investing money might end up paying more for services.
Without an official summary, the exact rules and standards are unclear. Companies may struggle to understand what they must do to comply.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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