Protecting Private Job Creators Act
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.
- IntroducedJun 12, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-LA | Cleo Fields | Original | Jun 12, 2025 |
| D-NJ | Josh Gottheimer | Sep 30, 2025 | |
| D-GA | David Scott | Oct 8, 2025 | |
| R-MO | Ann Wagner | Oct 10, 2025 | |
| R-TX | Pete Sessions | Dec 16, 2025 | |
| R-NC | Tim Moore | Dec 18, 2025 | |
| R-NY | Michael Lawler | Jan 9, 2026 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 12, 2025Markup Dec 16, 2025Markup Dec 17, 2025Reported Feb 25, 2026 |
Actions 7
Everything that happened, newest first.
- Feb 25, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.
- Feb 25, 2026Placed on the Union Calendar, Calendar No. 448.
- Dec 17, 2025Committee Consideration and Mark-up Session Held
- Dec 17, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11.
- Dec 16, 2025Committee Consideration and Mark-up Session Held
- Jun 12, 2025Introduced in House
- Jun 12, 2025Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Mar 24, 2026H.R. 3959, Protecting Private Job Creators ActAs reported by the House Committee on Financial Services on February 25, 2026
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 101, June 12, 2025, page H2822.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 119-33 | DODD-FRANK TURNS 15: LESSONS LEARNED AND THE ROAD AHEAD580 pages | Financial Services Committee | Jul 15, 2025 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
- Short Title(s) as Introduced
- Protecting Private Job Creators Act
- Short Title(s) as Reported to House
- Protecting Private Job Creators Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Feb 25, 2026Reported in House
- Jun 12, 2025Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
