{"database": "press", "table": "releases", "rows": [["https://www.cotton.senate.gov/news/press-releases/cotton-colleagues-to-gensler-protect-americans-privacy-and-halt-cat-filings", "Cotton, Colleagues to Gensler: Protect Americans\u2019 Privacy and Halt CAT Filings", "2024-09-20", "2024", "2024-09", "Republican", "Senate", "AR", "Tom Cotton", "C001095", "www.cotton.senate.gov", "cotton", "https://www.cotton.senate.gov/news/press-releases", "scraper", "FOR IMMEDIATE RELEASE\n\nContact: Caroline Tabler or Patrick McCann (202) 224-2353\n\nSeptember 20, 2024\n\nCotton, Colleagues to Gensler: Protect Americans\u2019 Privacy and Halt CAT Filings\n\nWashington, D.C. \u2014 Senator Tom Cotton (R-Arkansas) led 13 of his Congressional Republican colleagues in sending a letter to Securities and Exchange Commission Chair Gary Gensler to call for the immediate suspension of the recently effective rule filings tied to the Consolidated Audit Trail (CAT). The letter warns that the SEC\u2019s decision to allow these fillings to proceed without proper oversight is an affront to investors and endangers the impartiality of the judicial process.\n\nSenators Tim Scott (R-South Carolina), John Boozman (R-Arkansas), Kevin Cramer (R-North Dakota), Pete Ricketts (R-Nebraska), Steve Daines (R-Montana), Jerry Moran (R-Kansas), Bill Hagerty (R-Tennessee), Katie Britt (R-Alabama), John Kennedy (R-Louisiana), Congressman French Hill (Arkansas-02), Congressman John Rose (Tennessee-06), Congressman Steve Womack (Arkansas-03), and Congressman Alex Mooney (West Virginia-02) co-signed the letter.\n\nIn part, the lawmakers wrote:\n\n\u201cAs members of Congress and Amici Curiae in these cases, we have a vested interest in ensuring that the Commission adheres to its statutory authority. The CAT poses profound risks to Americans' individual liberty and personal privacy. Moreover, if a significant new tax is levied on American investors, the Courts must be afforded an opportunity to conduct a fair and impartial review.\u201d\n\nFull text of the letter can be found here and below.\n\nSeptember 20, 2024\n\nChair Gensler,\n\nWe write to express our concerns that the Securities and Exchange Commission (the \"Commission\") has not suspended the most recent immediately effective rule filings to establish fees related to the Consolidated Audit Trail (\"CAT\"). As you are aware, the legality of the funding model underpinning these filings as well as the CAT itself are being reviewed in the Fifth and Eleventh Circuit Court of Appeals.'\n\nAs members of Congress and Amici Curiae in these cases, we have a vested interest in ensuring that the Commission adheres to its statutory authority. The CAT poses profound risks to Americans' individual liberty and personal privacy. Moreover, fi a significant new tax is levied on American investors, the Courts must be afforded an opportunity to conduct a fair and impartial review.\n\nThe Commission has allowed the withdrawal of suspended fee filings, followed by the refiling of nearly identical ones, which effectively overrides its previous suspension and enables the immediate imposition of CAT fees with minimal notice to the industry. The Commission must suspend the CAT fees in order to allow market participants the opportunity to comment on these filings and to allow the legality of the entire CAT structure to be reviewed through the judicial process.\n\nThank you for your prompt attention to this matter.\n\nSincerely,\n\n____________________\n\nTom Cotton\n\nUnited States Senator\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-07T21:43:57Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.cotton.senate.gov/news/press-releases/cotton-colleagues-to-gensler-protect-americans-privacy-and-halt-cat-filings"], "units": {}, "query_ms": 0.7703709416091442, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}