S 3735
118th Congress
Senate
Finance and Financial Sector
Protecting Innovation in Investment Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 6, 2024
Introduced in Senate
Plain-English summary
Protecting Innovation in Investment Act
This bill prohibits the Securities and Exchange Commission from finalizing the proposed rule titled Conflicts of Interest Associated With the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers and published on August 9, 2023. The proposed rule requires broker-dealers and investment advisers to eliminate or neutralize conflicts of interests stemming from the use of technology (e.g., predictive data analytics or artificial intelligence) in communications with investors.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1