Skip to main content
H.R. 3948 115th Congress House

Protection of Source Code Act

Official title: To prohibit the Securities and Exchange Commission from compelling a person to produce or furnish algorithmic trading source code or similar intellectual prope… Show full official titleShow less

Official title: To prohibit the Securities and Exchange Commission from compelling a person to produce or furnish algorithmic trading source code or similar intellectual property to the Commission unless the Commission first issues a subpoena, and for other purposes.

Introduced: December 22, 2017 See on congress.gov
Finance and Financial Sector Computers and information technologyEvidence and witnessesFinancial services and investmentsIntellectual propertySecurities
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 2018
Placed on the Union Calendar, Calendar No. 412.
Feb 8, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-549.
Oct 12, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 14.
Oct 12, 2017
Committee Consideration and Mark-up Session Held.
Oct 11, 2017
Committee Consideration and Mark-up Session Held.
Oct 4, 2017
Referred to the House Committee on Financial Services.
Oct 4, 2017
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 8, 2018

Placed on the Union Calendar, Calendar No. 412.

 Plain-English summary Congressional Research Service

Protection of Source Code Act

This bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to specify that the Securities and Exchange Commission may not compel a person to produce a source code or similar intellectual property that forms the basis for design of the source code without first issuing a subpoena.

 Related & companion bills 3
  • HR 3978 TRID Improvement Act of 2017
  • S 3733 Protection of Source Code Act
  • HR 10 Financial CHOICE Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
D
Gottheimer, Josh
New Jersey · Dec 22, 2017
Messer, Luke
· Oct 11, 2017
Hultgren, Randy
· Oct 4, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3948: Protection of Source Code Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3948/
MLA
"H.R. 3948: Protection of Source Code Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3948/.
Bluebook (legal)
H.R. 3948, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3948/.
Markdown link
[H.R. 3948: Protection of Source Code Act](https://openamerica.io/bill/115-HR-3948/)
Report a problem