Federal Legislation
House Passes SEC Disclosure Exemption
February 25, 2026
The House of Representatives has passed the Protecting Private Job Creators Act, which exempts fixed-income securities from the Securities and Exchange Commission's Rule 15c2-11 disclosure requirements for broker-dealers publishing quotations in over-the-counter markets. This legislative change aims to reduce compliance costs for small- and medium-sized enterprises accessing private debt markets, thereby facilitating capital access and supporting economic growth.
- Why this matters: Procurement professionals and contractors working with small and medium enterprises (SMEs) may see increased financing opportunities as compliance burdens are eased.
- The exemption could lead to more active private debt markets, potentially increasing demand for financial services and related procurement.
- Organizations involved in capital markets and financial compliance should evaluate how this change affects contract requirements and risk management.
- This development signals a legislative focus on reducing regulatory barriers to support private sector job creation and economic expansion.
Agencies
Securities and Exchange Commission, Committee on Financial Services, House of Representatives, Senate
Locations
Sources
- H. Rept. 119-523 - PROTECTING PRIVATE JOB CREATORS ACT · congress · Feb 25
- H. Rept. 119-523 - PROTECTING PRIVATE JOB CREATORS ACT · congress · Feb 25