Section 1 Short title
This Act may be cited as the “Protection of Source Code Act”.
Protection of Source Code Act
A BILL
To amend the Commodity Exchange Act to prohibit the Commodity Futures Trading Commission from compelling a person to produce or furnish algorithmic trading source code or similar intellectual property to that agency unless the agency first issues a subpoena.
Sec. 2 Procedure for obtaining certain intellectual property
Section 8 of the Commodity Exchange Act (7 U.S.C. 12) is amended by adding at the end the following:
“(j) Under this Act, the Commission may not compel a person to produce or furnish source code, including algorithmic trading source code or similar intellectual property that forms the basis for design of the source code, to the Commission unless the Commission first issues a subpoena.”