S 3676 — Protecting Private Job Creators Act
Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.
In plain language
The bill exempts quotations of fixed-income securities from certain regulatory requirements.
This bill aims to exempt quotations for fixed-income securities, such as bonds and notes, from specific regulatory obligations. It highlights the differences between fixed-income and over-the-counter markets and refers to recent actions by the Securities and Exchange Commission.
Summary
Protecting Private Job Creators ActThis 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.
Bill Text
- Introduced Introduced in Senate Current html January 25, 2024
Action History
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Introduced in Senate
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
- Bill Hagerty · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- Hagerty, Bill Republican
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does S 3676 do?
- Protecting Private Job Creators ActThis 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.
- Who sponsors S 3676?
- S 3676 is sponsored by Hagerty, Bill (Republican).
- What is the current status of S 3676?
- This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track S 3676?
- Track S 3676 free on One Click Politics — get push/email alerts when it moves.
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