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H. Rept. 119-523 1 (2026-02-25)

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INFORMATION 4















                     119TH CONGRESS                                         REPORT
                        2d Session  J  HOUSE   OF REPRESENTATIVES           119-523







                             PROTECTING PRIVATE JOB CREATORS ACT




                     FEBRUARY 25, 2026.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed




                     Mr.  HILL of Arkansas, from  the Committee  on Financial Services,
                                          submitted  the  following



                                              REPORT


                                                together with

                                            MINORITY VIEWS

                                            [To accompany H.R. 3959]

                      The  Committee   on Financial Services, to whom   was referred the
                    bill (H.R. 3959) to except quotations of fixed-income securities from
                    certain  regulatory requirements,  and  for other  purposes, having
                    considered  the same, reports favorably thereon with an  amendment
                    and  recommends   that the bill as amended do pass.

                                                 CONTENTS
                                                                                     Page
                    Purpose and Sum m ary ............................................................................................  2
                    Background and Need for Legislation  ....................................................................  2
                    Com m ittee Consideration  ........................................................................................  3
                    R elated H earings  .....................................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  4
                    Com m ittee Oversight Findings  ...............................................................................  6
                    Perform ance Goals  and  Objectives  .........................................................................  6
                    Com m ittee Cost  Estim ate  .......................................................................................  6
                    New Budget Authority and CBO Cost Estimate ...................................................  6
                    Unfunded M andates Statem ent  ..............................................................................  6
                    E arm ark Statem ent  .................................................................................................  6
                    Federal Advisory Committee Act Statement .........................................................  7
                    Applicability  to  the  Legislative  Branch  .................................................................  7
                    Duplication of Federal Program s  ............................................................................  7
                    Section-by-Section  Analysis of the  Legislation  ......................................................  7
                    Changes in Existing Law Made by the Bill, as Reported .................             7
                    Documents Included by Unanimous Consent ........................................................  8
                    M inority V iew s  ........................................................................................................  20

                      The  amendment   is as follows:
                      Strike all after the enacting clause and insert the following:
                        69-006