Congress·Reported·H.R. 3959

Bond Market: Reducing Disclosure Requirements

Protecting Private Job Creators Act

Legislative Progress

House

Senate

President

Law

This bill changes how bonds and other types of corporate debt are traded. It removes a requirement that brokers must review a company's financial information before they can offer a price for that company's bonds in certain markets.
The goal is to make it easier and cheaper for businesses to raise money by selling debt. By cutting this regulatory requirement, supporters believe companies will have more cash available to expand their operations and hire more workers.
The policy specifically covers "fixed-income securities," which include things like corporate bonds, promissory notes, and certificates of deposit. It also includes debt that can be turned into company stock later on.
While this helps businesses borrow money more easily, some people worry it could lead to less transparency. Without these rules, it might be harder for some investors to get a clear picture of a company's financial health before they decide to buy its debt.

3 milestones7 actions

Feb 25, 2026House

Placed on the Union Calendar, Calendar No. 448.

Feb 25, 2026House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-523.

Dec 17, 2025House

Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 11.

Dec 17, 2025House

Committee Consideration and Mark-up Session Held

Dec 16, 2025House

Committee Consideration and Mark-up Session Held

Document Type

Congressional Bill

Official Title

Protecting Private Job Creators Act

Bill NumberHR 3959

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 448.

(7)

D: 3R: 4

Congress.gov

Official legislative information

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