H.R. 4551, titled the "Protecting Investors’ Personally Identifiable Information Act," aims to stop the Securities and Exchange Commission (SEC) from requiring certain personal information. This includes things like names and Social Security numbers, from being collected in...
Simple Explanation
H.R. 4551 is a bill that aims to stop the collection of sensitive personal information like names and Social Security numbers in certain financial reports to help keep people's private details safe. Instead, only special codes related to financial transactions will be collected to protect privacy while still keeping track of market activities.