Protection of Source Code Act
Latest action · Feb 8, 2018 Placed on the Union Calendar, Calendar No. 412.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 4, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Oct 4, 2017 to Dec 22, 2017; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-GA | David Scott | Original | Oct 4, 2017 |
| R-IL | Randy Hultgren | Original | Oct 4, 2017 |
| R-IN | Luke Messer | Oct 11, 2017 | |
| D-NJ | Josh Gottheimer | Dec 22, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Oct 4, 2017Markup Oct 12, 2017Reported Feb 8, 2018 |
Actions 7
Everything that happened, newest first.
- Feb 8, 2018Reported (Amended) by the Committee on Financial Services. H. Rept. 115-549.
- Feb 8, 2018Placed on the Union Calendar, Calendar No. 412.
- Oct 12, 2017Committee Consideration and Mark-up Session Held.
- Oct 12, 2017Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 14.
- Oct 11, 2017Committee Consideration and Mark-up Session Held.
- Oct 4, 2017Introduced in House
- Oct 4, 2017Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Feb 9, 2018H.R. 3948, Protection of Source Code ActAs ordered reported by the House Committee on Financial Services on October 12, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 159, October 4, 2017, page H7842.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IN10950 | Financial Services and General Government (FSGG) FY2019 Appropriations and Financial Regulatory Reform Archived | Insight | Nov 27, 2018 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 10 | Financial CHOICE Act of 2017 | Related bill | Jul 13, 2017 |
| S 3733 | Protection of Source Code Act | Related bill | Dec 10, 2018 |
| HR 3978 | TRID Improvement Act of 2017 | Related bill | Feb 15, 2018 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
- Short Titles as Introduced
- Protection of Source Code Act
- Short Titles as Reported to House
- Protection of Source Code Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Feb 8, 2018Reported in House
- Oct 4, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
