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United States · Bill · S

S. 3735 (118th)

Protecting Innovation in Investment Act

referredUnited States· United States Congress· EN

Introduced

6 February 2024

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

27 May 2025

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.

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Documents

3 official files

Introduced in Senate (text)

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