HR 3959 · 119th Congress 2025–2027

Protecting Private Job Creators Act

Fact sheet

Latest action · Feb 25, 2026 Placed on the Union Calendar, Calendar No. 448.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJun 12, 2025
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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.

Cosponsors 7

Members who signed on, in the order they did. Signatures ran from Jun 12, 2025 to Jan 9, 2026, with 1 there on the day it was introduced.

SeatCosponsorSigned on
D-LACleo FieldsOriginalJun 12, 2025
D-NJJosh GottheimerSep 30, 2025
D-GADavid ScottOct 8, 2025
R-MOAnn WagnerOct 10, 2025
R-TXPete SessionsDec 16, 2025
R-NCTim MooreDec 18, 2025
R-NYMichael LawlerJan 9, 2026

Actions 7

Everything that happened, newest first.

  1. Feb 25, 2026Placed on the Union Calendar, Calendar No. 448.
  2. Feb 25, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.
  3. Dec 17, 2025Committee Consideration and Mark-up Session Held
  4. Dec 17, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11.
  5. Dec 16, 2025Committee Consideration and Mark-up Session Held

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 2

Each version as it was printed, newest first.

  1. Feb 25, 2026Reported in House
  2. Jun 12, 2025Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.