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H.R. 3959119th CongressPlaced on the calendarLatest action Feb 25, 2026Decoded by AI · checked against the record
Official title: Protecting Private Job Creators Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill would permanently stop SEC Rule 15c2-11's disclosure-checking requirement from applying to bonds and other fixed-income securities.
40-second read · 4 questions answered below
This bill would permanently stop SEC Rule 15c2-11 from applying to fixed-income securities like bonds, notes, and certificates of deposit. That rule requires brokers to confirm a company's basic financial information is public before quoting prices. The SEC had signaled it would extend the rule to bonds, and this bill blocks that through Congress instead of leaving it to SEC discretion.
It affects companies that raise money by issuing bonds or debt instruments, the brokers and dealers who trade those securities, and investors who buy them.
Businesses relying on bond markets could face fewer regulatory checks, while investor advocates may question whether this reduces the financial information available to bond buyers.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 448.