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Bill115th CongressFiled Oct 5, 2017Finance and Financial Sector
H.R. 3973

Market Data Protection Act of 2017

Bill journey · stage 2 of 5

Under committee review

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Law

What it doesSummary passed house without amendment (Nov 13, 2017)

Market Data Protection Act of 2017

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.

The operator of the consolidated audit trail may not accept market data until these mechanisms are developed.

What just happenedNov 14, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Davidson, Warren [R-OH-8](R-OH)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors2committees16actions2related bills2subjects
  1. Nov 14, 2017IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Nov 13, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Nov 13, 2017FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9140)

  4. Nov 13, 2017Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9140)

  5. Nov 13, 2017FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3973.

  6. Nov 13, 2017FloorH30000

    Considered under suspension of the rules. (consideration: CR H9140-9142)

  7. Nov 13, 2017FloorH30300

    Mr. Huizenga moved to suspend the rules and pass the bill.

  8. Nov 9, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 299.

  9. Nov 9, 2017CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-405.

    Financial Services Committee
  10. Nov 9, 2017Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-405.

    Financial Services Committee
  11. Oct 12, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 59 - 1.

    Financial Services Committee
  12. Oct 12, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Oct 11, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. Oct 5, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  15. Oct 5, 2017IntroReferralIntro-H

    Introduced in House

  16. Oct 5, 2017IntroReferral1000

    Introduced in House

Passed House without amendmentNov 13, 201781

Market Data Protection Act of 2017

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.

The operator of the consolidated audit trail may not accept market data until these mechanisms are developed.

Reported to House without amendmentNov 9, 201779

Market Data Protection Act of 2017

This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.

The operator of the consolidated audit trail may not accept market data until these mechanisms are developed.

Introduced in HouseOct 5, 2017

Market Data Protection Act of 2017

This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.

The operator of the consolidated audit trail may not accept market data until these mechanisms are developed.

Market Data Protection Act of 2017 — Informed