We have received text from H.R. 6161: SEC Data Protection Act. This bill was received on 2025-11-19, and currently has 18 cosponsors.
Here is a short summary of the bill:
This bill, known as the SEC Data Protection Act , aims to enhance the protection of sensitive information that the Securities and Exchange Commission (SEC) collects from investment advisers. Here are the key provisions of the bill:
Data Protection Policies
The SEC is required to establish specific policies and procedures to protect sensitive, nonpublic information received from investment advisers. These policies must be developed within one year of the bill’s enactment and will include the following elements:
- Request Procedures: The policies will outline the circumstances under which the SEC may request proprietary information from investment advisers.
- Information Safeguards: The SEC must ensure that the information is safeguarded appropriately, taking into account its level of sensitivity.
- Access Restrictions: Access to this sensitive information will be limited to specific SEC staff members as determined by the Commission.
- Protection Against Misuse: The SEC is responsible for protecting the information from unlawful use or disclosure.
Overall Purpose
The primary goal of the bill is to ensure that sensitive data shared with the SEC by investment advisers is appropriately protected against unauthorized access, misuse, and disclosure. This bill responds to growing concerns about data security and the handling of proprietary information in financial markets.
Implementation Timeline
The SEC has a deadline of one year following the enactment of the bill to establish these protective measures.
Relevant Companies
- None found
Representative David Scott Bill Proposals
Here are some bills which have recently been proposed by Representative David Scott:
- H.R.6161: To amend the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to adopt data protection policies for information the Commission receives from investment advisers, and for other purposes.
- H.R.5239: Endometrial Cancer Research and Education Act of 2025
- H.R.4529: Black Farmers and Socially Disadvantaged Farmers Increased Market Share Act
- H.R.3852: Reimagining Inclusive Arts Education Act
- H.R.3697: RAVES Reporting Act of 2025
- H.R.2890: Financial Inclusion in Banking Act of 2025
You can track bills proposed by Representative David Scott on Quiver Quantitative's politician page for Scott.
Representative David Scott Net Worth
Quiver Quantitative estimates that Representative David Scott is worth $3.3M, as of December 4th, 2025. This is the 210th highest net worth in Congress, per our live estimates.
Scott has approximately $8.6K invested in publicly traded assets which Quiver is able to track live.
You can track Representative David Scott's net worth on Quiver Quantitative's politician page for Scott.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
