CONGRESS FOR VOTERS

Troy Downing (R-MT)

Protecting Private Job Creators Act

H.R. 3959 · House bill Finance and Financial Sector

A Republican bill with 3 Democratic cosponsors · See all 7 cosponsors

Last activity — Placed on the Union Calendar, Calendar No. 448.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

This bill, titled the "Protecting Private Job Creators Act," aims to change how certain securities are handled. It seeks to except quotations of fixed-income securities from specific regulatory requirements. These requirements currently exist under Section 240.15c2-11 of title 17 of the Code of Federal Regulations. The bill defines fixed-income securities to include notes, bonds, debentures, and certificates of deposit. It also covers these items if they are convertible into equity securities or carry rights to purchase equity.

Yes· 3 of 8

  • Scored +2

    Would business owners be better off under this?

    The bill provides regulatory relief for those issuing or quoting fixed-income securities.

  • Scored +2

    Does this make it easier to run a small business?

    By exempting fixed-income securities from certain regulations, the bill provides relief to private job creators and issuers.

  • Scored +1

    Would high-income households be better off under this?

    The bill may benefit high-income investors by altering the regulatory landscape for fixed-income securities.

The opposite

  • Scored -2

    Does this make what the government does easier for the public to see?

    Exempting quotations from regulatory requirements may reduce transparency in financial markets.

  • Scored -2

    Does this give people more protection from unfair business practices?

    Reducing transparency requirements for security quotations may decrease available information for investors.

  • Scored -1

    Does this give the federal government more power?

    The bill reduces the scope of federal regulatory requirements for specific securities.