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S 3676 118th Congress Senate Finance and Financial Sector

Protecting Private Job Creators Act

Introduced: January 25, 2024 Introduced by: Hagerty, Bill Republican · Tennessee See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 25, 2024
Introduced in Senate
 Plain-English summary Congressional Research Service

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. In October 2023, the Securities and Exchange Commission issued an order 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.

What's happening now January 25, 2024

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1