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Easing Capital Rules: Exempting Fixed-Income Securities from SEC Disclosure.

This bill aims to exempt fixed-income securities (like corporate bonds) from a specific Securities and Exchange Commission (SEC) disclosure rule regarding market quotations (Rule 15c2–11). The change is intended to simplify the process for businesses to raise capital through debt markets by maintaining long-standing regulatory practices. This supports the broader economy by making it easier for companies to secure financing.
Key points
Fixed-income securities (bonds, notes, etc.) are permanently exempted from the SEC's quotation disclosure rule (Rule 15c2–11).
The goal is to reduce regulatory burdens on financial markets and support businesses' ability to raise necessary capital.
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Additional Information
Print number: 118_S_3676
Sponsor: Sen. Hagerty, Bill [R-TN]
Process start date: 2024-01-25
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting Private Job Creators Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3676.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-25.

What are the main provisions?

Key points include:

  • Fixed-income securities (bonds, notes, etc.) are permanently exempted from the SEC's quotation disclosure rule (Rule 15c2–11).
  • The goal is to reduce regulatory burdens on financial markets and support businesses' ability to raise necessary capital.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hagerty, Bill [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy