H.R. 3959 — Reported in House

IB Union Calendar No. 448 119th CONGRESS 2d Session H. R. 3959 [Report No. 119–523] IN THE HOUSE OF REPRESENTATIVES June 12, 2025Mr. Downing (for himself and Mr. Fields) introduced the following bill; which was referred to the Committee on Financial Services February 25, 2026Additional sponsors: Mr. Gottheimer, Mr. David Scott of Georgia, Mrs. Wagner, Mr. Sessions, Mr. Moore of North Carolina, and Mr. Lawler February 25, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor 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. 1. Short title This Act may be cited as the Protecting Private Job Creators Act. 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. February 25, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed