Protecting Private Job Creators Act
The summary
What this bill does
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.
Legislative timeline
From introduction
Jun 12, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - MT District 2 · R-MT
7 cosponsors
U.S. Representative - LA District 6 · D-LA
Member of Congress · D-NJ
U.S. Representative - GA District 13 · D-GA
U.S. Representative - MO District 2 · R-MO
U.S. Representative - TX District 17 · R-TX
Member of Congress · R-NC
U.S. Representative - NY District 17 · R-NY
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 3959 |
| Origin Chamber | House |
| Current Status | Placed on the Union Calendar, Calendar No. 448. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | June 12, 2025 |
| Latest Action | February 25, 2026 |
| Cosponsors | 7 · House vote — · — views |