HR 3959 ยท Protecting Private Job Creators Act
Placed on the Union Calendar, Calendar No. 448.
- Introduced
- Jun 12, 2025
- Latest action
- Feb 25, 2026
- Sponsor
- Rep. Troy Downing [R-MT-2]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 7
Summary
Protecting Private Job Creators Act This bill provides statutory authority for an exemption from specified disclosure requirements applicable to fixed-income securities (e.g., corporate bonds or a certificate of deposit). Under current securities regulations, brokers and dealers are generally prohibited from publishing securities quotations (i.e., the sale price) in over-the-counter (i.e., not on a national exchange) markets unless they have certain information about the securities issuer in their records. The Securities and Exchange Commission issued a series of orders (with the latest order issued in November 2024) granting an exemption to this rule to fixed-income securities that comply with specified safe-harbor rules. The bill provides statutory authority for this exemption.
Recent actions
- Feb 25, 2026 Placed on the Union Calendar, Calendar No. 448.
- Feb 25, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.
- Feb 25, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.
- Dec 17, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11.
- Dec 17, 2025 Committee Consideration and Mark-up Session Held
- Dec 16, 2025 Committee Consideration and Mark-up Session Held
- Jun 12, 2025 Referred to the House Committee on Financial Services.
- Jun 12, 2025 Introduced in House
Votes
No recorded votes are available for this bill.