H.R. 3959: Protecting Private Job Creators Act

119th Congress · introduced 2025-06-12 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 448.

federal

What does this mean?

Official title

Protecting Private Job Creators Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Protecting Private Job Creators Act

Source: Congressional Research Service summary (Reported to House)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Rep. Downing, Troy [R-MT-2] · 7 cosponsors

Cost estimate: CBO cost estimate: H.R. 3959, Protecting Private Job Creators Act (2026-03-24)

Cosponsors on this site

Cleo Fields (D-LA), Josh Gottheimer (D-NJ), Ann Wagner (R-MO), Pete Sessions (R-TX), Tim Moore (R-NC), Michael Lawler (R-NY)

Sponsor's campaign money: Rep. Downing, Troy [R-MT-2] reported raising $2.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (6)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr3959.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr3959 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills