To amend the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to adopt data protection policies for information the Commission receives from investment advisers, and for other purposes.

Bill ID: 119/hr/6161
Last Updated: November 19, 2025

Sponsored by

Rep. Scott, David [D-GA-13]

ID: S001157

Follow the money

The bill

To amend the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to adopt data protection policies for information the Commission receives from investment advisers, and for other purposes.

HR. 6161, 119th Congress — read as touching Investment Banking & Securities.

The sponsor

Rep. Scott, David [D-GA-13]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$39,000 raised

20 itemised contributions to this sponsor, pulled from FEC filings.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

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Introduced

📍 Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

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Committee Review

🗳️

Floor Action

Passed Senate

🏛️

House Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

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💰 Campaign Finance Network

Rep. Scott, David [D-GA-13]

Congress 119 • 2024 Election Cycle

Total Contributions
$39,000
19 donors
PACs
$0
Organizations
$0
Committees
$0
Individuals
$39,000

No PAC contributions found

No organization contributions found

No committee contributions found

1
DUFFY, TERRENCE A.
2 transactions
$5,000
2
RAYMAN, STEVEN
1 transaction
$3,300
3
GLUSTROM, ROBERT
1 transaction
$3,300
4
HESSERT, BILL
1 transaction
$3,300
5
STEPHENS, JOHN D
1 transaction
$3,300
6
TAYLOR, KAT
1 transaction
$3,300
7
VECCHIARELLI, DANIEL
1 transaction
$2,500
8
RUSSELL, RANDALL M.
1 transaction
$2,000
9
SU, NIEN
1 transaction
$2,000
10
HAYDEL, VICTOR L.
1 transaction
$2,000
11
HALL, RICHARD
1 transaction
$1,000
12
DOWNS, JOHN H. JR
1 transaction
$1,000
13
DAVIS, ANN L.
1 transaction
$1,000
14
DAVIS, ELIZABETH
1 transaction
$1,000
15
ENGEL, ILENE
1 transaction
$1,000
16
FRANK, ISAAC
1 transaction
$1,000
17
GOLDMAN, AARON
1 transaction
$1,000
18
HESS, DONALD
1 transaction
$1,000
19
KARLIN, MICHAEL
1 transaction
$1,000

Donor Network - Rep. Scott, David [D-GA-13]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

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Showing 49 nodes and 20 connections (42 secondary connections hidden)

Total contributions: $39,000

Top Donors - Rep. Scott, David [D-GA-13]

Showing top 19 donors by contribution amount

19 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 1 helped.

  • Section 2(g) requires the SEC to adopt data protection policies for information received from investment advisers, which benefits investment advisers (including investment banking firms) by protecting their proprietary information from unlawful use or disclosure.