SEC Data Protection Act

Sponsor: David Scott (Democratic-GA)November 19, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Investment advisors would get new protections for private financial data shared with the SEC.

This bill would require the Securities and Exchange Commission (SEC) to create new rules within one year. These rules would protect sensitive, private business information that investment advisors provide to the SEC. The goal is to prevent this data from being used or shared illegally.

What Would Change

Today, the Investment Advisers Act of 1940 does not specifically require the Securities and Exchange Commission (SEC) to have policies for protecting sensitive, private business information from investment advisors. If this bill becomes law, the SEC would be required to create and implement such policies within one year, ensuring this information is protected from unlawful use or sharing.

Key Provisions

Requires the Securities and Exchange Commission (SEC) to create new rules to protect sensitive, private business information from investment advisors.
These new rules would address how the SEC asks for this private information.
The rules would make sure the information is kept safe, considering how sensitive it is.
The rules would limit who at the SEC can access this private information.
The rules would prevent the private information from being used or shared illegally.

View on Congress.gov

HR 6161 · 119th Congress · November 19, 2025 · AI Summary by gemini-2.5-flash · 9/10

Lobbying Activity

2 filings mentioned this bill

Top Lobbying Clients

MANAGED FUNDS ASSOCIATION

2 filings

Top Lobbying Firms

1.MANAGED FUNDS ASSOCIATION2 filings

Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.