To prohibit the Securities and Exchange Commission from compelling a person to produce or furnish algorithmic trading source code or similar intellectual property to the Commission unless the Commission first issues a subpoena, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Wisconsin's 7th congressional district. Republican.
Last Updated: Feb 8, 2018
Length: 6 pages
115th Congress (2017–2019)
This bill was introduced on October 12, 2017, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
4 Cosponsors (2 Republicans, 2 Democrats)
What legislators are saying
Oct 4, 2017
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Oct 11, 2017
Considered by House Committee on Financial Services
A committee held a hearing or business meeting about the bill.
Oct 12, 2017
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
Feb 8, 2018
Reported by House Committee on Financial Services
A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.
H.R. 3948 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 3948. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2022). H.R. 3948 — 115th Congress: Protection of Source Code Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr3948
“H.R. 3948 — 115th Congress: Protection of Source Code Act.” www.GovTrack.us. 2017. September 30, 2022 <https://www.govtrack.us/congress/bills/115/hr3948>
Protection of Source Code Act, H.R. 3948, 115th Cong. (2017).
|title=H.R. 3948 (115th)
|accessdate=September 30, 2022
|author=115th Congress (2017)
|date=October 4, 2017
|quote=Protection of Source Code Act
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.