H.R. 4685: To require the Government Accountability Office to carry out a study on the impact of the gamification, psychological nudges, and other design techniques used by online trading platforms, and for other purposes.
Legislation Details
117th Congress
To require the Government Accountability Office to carry out a study on the impact of the gamification, psychological nudges, and other design techniques used by online trading platforms, and for other purposes.
Sponsor: Rep. Sean Casten — D — IL
Requires the Government Accountability Office (GAO) to report to the Securities and Exchange Commission (SEC) and the Congress on the effect of gamification, psychological nudges, and other design techniques of online trading platforms. GAO would be required to consult with the SEC and private entities, such as investor advocacy groups, to study the effects of those techniques. Under the bill, the SEC’s Office of the Investor Advocate would provide legislative and regulatory recommendations to the Congress based on GAO’s findings.
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