Section 1 Short title
This Act may be cited as the “Protecting Innovation in Investment Act”.
Protecting Innovation in Investment Act
A BILL
To prohibit the Securities and Exchange Commission from finalizing, implementing, or enforcing a proposed rule with respect to conflicts of interest associated with the use of predictive data analytics by broker-dealers and investment advisers, and for other purposes.
Sec. 2 Prohibition against finalizing, implementing, or enforcing a proposed rule with respect to conflicts of interest associated with the use of predictive data analytics by broker-dealers and investment advisers
The Securities and Exchange Commission may not finalize, implement, or enforce—
the proposed rule of the Commission entitled “Conflicts of Interest Associated With the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers” (88 Fed. Reg. 53960 (August 9, 2023)); or
any rule that is substantially similar to the rule described in paragraph (1).