Protecting Private Job Creators Act

This bill permanently exempts fixed-income securities (like bonds and notes) from a Securities and Exchange Commission rule (Rule 15c2-11) that previously applied to over-the-counter market quotations. It directly affects brokers, dealers, and businesses that trade fixed-income securities, particularly those using Rule 144A for qualified institutional buyers. The key provision states that Rule 15c2-11 shall not apply to quotations of fixed-income securities, codifying an existing SEC exemption from October 2023. This change maintains the current regulatory treatment of fixed-income markets without requiring new rulemaking or public input.