H.R. 3959

119th Congress

Reported

Protecting Private Job Creators Act

Sponsored byRepublican:Rep. Downing, Troy [R-MT-2]MT· Introduced 12 June 2025

7

Cosponsors

9

Actions

0

Amendments

1

Committees

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 448.

25 February 2026·4 months ago

Summary

Reported to House · Updated 8 April 2026

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.

Timeline

9 actions

  1. Placed on the Union Calendar, Calendar No. 448.

    25 February 2026 · Calendars

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.

    25 February 2026 · Committee

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.

    25 February 2026 · Committee

  4. Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11.

    17 December 2025 · Committee

  5. Committee Consideration and Mark-up Session Held

    17 December 2025 · Committee

  6. Committee Consideration and Mark-up Session Held

    16 December 2025 · Committee

  7. Referred to the House Committee on Financial Services.

    12 June 2025 · IntroReferral

  8. Introduced in House

    12 June 2025 · IntroReferral

  9. Introduced in House

    12 June 2025 · IntroReferral

Sponsorship

7 cosponsors

Sponsor

Republican:Rep. Downing, Troy [R-MT-2]MT

Cosponsors

  • Democrat343%
  • Republican457%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Bank accounts, deposits, capitalFinancial services and investmentsSecurities

Committees

1

  • Financial Services Committee

    House · Standing

    • Referred To12 Jun 2025
    • Markup By16 Dec 2025
    • Markup By17 Dec 2025
    • Reported By25 Feb 2026

Cosponsor momentum

Cumulative over time

Cosponsors grew from 1 on 12 June 2025 to 7 on 9 January 2026.

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