United StatesProtecting Private Job Creators Act
What it does
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).
More detail
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 25Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.Latest
- Feb 25Placed on the Union Calendar, Calendar No. 448.
- 2025
- Dec 17Committee Consideration and Mark-up Session Held
- Dec 17Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11.
- Dec 16Committee Consideration and Mark-up Session Held
- Jun 12Introduced in House
- Jun 12Referred to the House Committee on Financial Services.Introduced