[Report No. 119–523]
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
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.