Section 1. Short title
This Act may be cited as the Protecting Innovation in Investment Act.
Section 2. Prohibition against finalizing, implementing, or enforcing a proposed rule with respect to conflicts of interest associated with the use of predictive data analytics by broker-dealers and investment advisers
The Securities and Exchange Commission may not finalize, implement, or enforce—
(1) the proposed rule of the Commission entitled Conflicts of Interest Associated With the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers (88 Fed. Reg. 53960 (August 9, 2023)); or
(2) any rule that is substantially similar to the rule described in paragraph (1).