Bill > HR3959

This bill, titled the "Protecting Private Job Creators Act," aims to exempt certain financial instruments from specific regulatory requirements. Specifically, it proposes to amend Section 240.15c2-11 of title 17 of the Code of Federal Regulations, which deals with regulations for broker-dealers in the securities market. The key provision is that this regulation will no longer apply to "quotations of fixed-income securities." A fixed-income security is broadly defined to include various forms of debt instruments like notes, bonds, and debentures, as well as asset-backed securities and certificates of deposit, and importantly, these can also include securities that can be converted into equity or come with warrants or rights to purchase equity. The context for this change is to reduce regulatory burdens on businesses that deal with these types of securities, thereby aiming to protect private job creators.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3959/all-info