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Protecting Private Job Creators Act
H. R. 3959 To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
Summary
The bill exempts quotations of fixed-income securities from certain Securities and Exchange Commission regulatory requirements under Section 240.15c2-11. Fixed-income securities are defined as notes, bonds, debentures, certificates of deposit, asset-backed securities, and other evidence of indebtedness, including those convertible into equity securities or carrying subscription rights. The exemption reduces regulatory requirements for how fixed-income security quotations are handled in the securities market.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Downing, Troy [R-MT-2] (R-MT)
7 cosponsors
- Rep. Fields, Cleo [D-LA-6] (D-LA)
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ)
- Rep. Lawler, Michael [R-NY-17] (R-NY)
- Rep. Moore, Tim [R-NC-14] (R-NC)
- Rep. Scott, David [D-GA-13] (D-GA)
- Rep. Sessions, Pete [R-TX-17] (R-TX)
- Rep. Wagner, Ann [R-MO-2] (R-MO)
Actions (7)
- Feb 25, 2026 Placed on the Union Calendar, Calendar No. 448. · house
- Feb 25, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523. · house
- Dec 17, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11. · house
- Dec 17, 2025 Committee Consideration and Mark-up Session Held · house
- Dec 16, 2025 Committee Consideration and Mark-up Session Held · house
- Jun 12, 2025 Referred to the House Committee on Financial Services. · house
- Jun 12, 2025 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
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Text versions (2)
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Full text
IN THE HOUSE OF REPRESENTATIVES
June 12, 2025
Mr. Downing (for himself and Mr. Fields) introduced the following bill; which was referred to the Committee on Financial Services
February 25, 2026
Additional sponsors: Mr. Gottheimer, Mr. David Scott of Georgia, Mrs. Wagner, Mr. Sessions, Mr. Moore of North Carolina, and Mr. Lawler
February 25, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on June 12, 2025]
A BILL
To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Protecting Private Job Creators Act”.
SEC. 2. EXCEPTION RELATING TO QUOTATIONS OF FIXED-INCOME SECURITIES.
(a) In General.—Section 240.15c2-11 of title 17, Code of Federal Regulations, shall not apply with respect to quotations of fixed-income securities.
(b) Fixed-Income Security Defined.—In this section, the term “fixed-income security” means—
(1) any note, bond, debenture, certificate of deposit for a security, certificate of deposit, asset-backed security, or any other evidence of indebtedness; and
(2) any security described under paragraph (1) that is convertible, with or without consideration, into any equity security or carrying any warrant or right to subscribe to or purchase any equity security. Union Calendar No. 448
119th CONGRESS
2d Session
H. R. 3959
[Report No. 119-523]
A BILL
To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
February 25, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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