H.R. 1483, Protecting Investors’ Personally Identifiable Information Act

August 4, 2026

Cost Estimate

As ordered reported by the House Committee on Financial Services on June 30, 2026

H.R. 1483, Protecting Investors’ Personally Identifiable Information ActAs ordered reported by the House Committee on Financial Services on June 30, 2026
By Fiscal Year, Millions of Dollars		2026	2026-2031	2026-2036
Direct Spending (Outlays)		0	0	0
Revenues		0	0	0
Increase or Decrease (-) in the Deficit		0	0	0
Spending Subject to Appropriation (Outlays)		0	0	0
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2037?	No	Statutory pay-as-you-go procedures apply?		No
	No	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2037?	No	Contains intergovernmental mandate?		No
	No	Contains private-sector mandate?		No

H.R. 1483 would prohibit the Securities and Exchange Commission (SEC) from requiring national securities exchanges or associations to disclose the personally identifiable information of market participants in those entities’ consolidated reporting to the SEC on securities orders and transactions. The SEC does not collect that information under current law; therefore, CBO estimates that enacting the bill would not affect the federal budget.

The CBO staff contact for this estimate is Sean Christensen. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

Phillip L. Swagel Director, Congressional Budget Office

Phillip L. Swagel

Director, Congressional Budget Office