Removes SEC Rule 15c2–11 from applying to quotations in over‑the‑counter fixed‑income securities and sets a broad statutory definition of “fixed‑income security” that covers notes, bonds, debentures, certificates of deposit, asset‑backed securities, and debt instruments that are convertible into or include warrants/rights to buy equity. In short, broker‑dealers would not need to meet the Rule 15c2–11 information/issuer‑review obligations before publishing quotes for the defined fixed‑income instruments.