1. Short title This Act may be cited as the Protecting Investors’ Personally Identifiable Information Act . 2. Personally identifiable information excluded from consolidated audit trail reporting requirements (a) In general Except as provided in subsection (b), the Securities and Exchange Commission may not require a national securities exchange, a national securities association, or a member of such an exchange or association to provide personally identifiable information with respect to a market participant to meet the requirements relating to an order or a reportable event under section 242.613(c)(7) of title 17, Code of Federal Regulations (or successor regulations). (b) Exception The Securities and Exchange Commission may only require a national securities exchange, a national securities association, or a member of such an exchange or association to provide personally identifiable information with respect to a market participant if— (1) the Commission makes a request for such information