H.R.3959

Protecting Private Job Creators Act exempts fixed-income securities from certain regulatory requirements.

The Protecting Private Job Creators Act aims to exempt quotations of fixed-income securities from certain regulatory requirements. This bill defines fixed-income securities to include notes, bonds, and other evidence of indebtedness. It notes that the Securities and Exchange Commission previously exempted these securities from Rule 15c2–11 compliance, finding it appropriate for the public interest and investor protection. The bill seeks to maintain this exemption, emphasizing the importance of fixed-income markets for businesses raising capital.