117th Congress
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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