H.R. 4685 · 117th Congress
Trading Isn’t a Game Act
- Stage
- Reported from committee
- Sponsor
- Sean Casten
- Introduced
- 2021-07-26
- Latest action
- 2022-01-20 · Reported (Amended) by the Committee on Financial Services. H. Rept. 117-231.
Summary
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.