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Politiparty

118th Congress Finance and Financial Sector

S. 3676: Protecting Private Job Creators Act

Introduced

  1. Introduced (completed)Jan 25, 2024
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jan 25, 2024

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.

Written by the Congressional Research Service, Library of Congress.

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Other bills by Bill Hagerty

History

  1. Jan 25, 2024Introduced in the Senate by Bill Hagerty.
Show the full action history (2 actions)
  1. Jan 25, 2024Introduced in Senate
  2. Jan 25, 2024Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.