Trading Isn't a Game Act This bill requires the Government Accountability Office (GAO) to study and report on the use of techniques including gamification (adding gamelike elements to encourage participation) and psychological nudges (behavioral interventions designed to influence decision-making) by online investment trading platforms. Further, the GAO must compare the investment activity, habits, and risk tolerance of customers exposed to such techniques and those who are not.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 165.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-231.
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 165.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-231.
Finance and Financial Sector
Behavioral sciencesBusiness ethicsCongressional oversightConsumer affairsFinancial services and investmentsGovernment Accountability Office (GAO)Government information and archivesGovernment studies and investigationsMental healthSecuritiesService industries
Trading Isn’t a Game Act
USA117th CongressHR-4685| House
| Updated: 1/20/2022
Trading Isn't a Game Act This bill requires the Government Accountability Office (GAO) to study and report on the use of techniques including gamification (adding gamelike elements to encourage participation) and psychological nudges (behavioral interventions designed to influence decision-making) by online investment trading platforms. Further, the GAO must compare the investment activity, habits, and risk tolerance of customers exposed to such techniques and those who are not.
Behavioral sciencesBusiness ethicsCongressional oversightConsumer affairsFinancial services and investmentsGovernment Accountability Office (GAO)Government information and archivesGovernment studies and investigationsMental healthSecuritiesService industries