Sponsors (2)
The bill strengthens protections and transparency around how the CFTC handles proprietary data—benefiting firms' confidentiality—but imposes new compliance burdens and could slow or restrict interagency data sharing and regulatory access needed for rapid enforcement and market oversight.
Financial institutions and CFTC staff will have clearer, standardized rules for how the Commission handles sensitive proprietary data, reducing arbitrary disclosures and increasing procedural transparency and public input.
When the CFTC shares proprietary information with other government entities, recipient agencies must provide assurances of comparable safeguards, protecting firms' confidential information across agencies.
Other government entities and federal staff may face slower interagency information sharing because of new assurance requirements, potentially delaying enforcement actions or rapid market-stability responses.
If the CFTC's rules are overly restrictive, federal regulators and researchers could be impeded from accessing necessary data, reducing the effectiveness of market monitoring and oversight.
Firms that provide proprietary data to the CFTC will likely face increased compliance and contractual costs to meet new procedural and safeguard requirements.
Based on analysis of 2 sections of legislative text.
Requires the CFTC to adopt notice-and-comment rules and internal policies to protect, limit access to, and control sharing of proprietary information it obtains.
Introduced March 26, 2026 by David Rouzer · Last progress March 26, 2026
Requires the Commodity Futures Trading Commission to create rules and policies to protect ‘‘proprietary information’’ it obtains. The CFTC must use notice-and-comment rulemaking to set confidentiality safeguards, limit staff access and use, establish when it may request such information, and require assurances before sharing with other government entities.