S. 3676 aims to exempt quotations of fixed-income securities from specific regulatory requirements. The bill identifies that the Securities and Exchange Commission's Rule 15c2-11, which primarily deals with over-the-counter markets, should not apply to fixed-income...
Simple Explanation
This bill is like saying certain rules that usually keep an eye on some types of money and borrowing deals don't have to follow these rules anymore, so businesses can work more easily and borrow money in a special way.