Consumer Financial Choice and Capital Markets Protection Act of 2017
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (May 11, 2017)
Consumer Financial Choice and Capital Markets Protection Act of 2017
This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. A money market fund that elects to do so shall not be subject to specified requirements related to the imposition of liquidity fees.
Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money market's advertising and sales literature.
What just happenedJun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Who’s behind it
- Introduced in SenateMay 11, 2017
- Jun 26, 2018Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Banking, Housing, and Urban Affairs Committee - May 11, 2017IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - May 11, 2017IntroReferral10000
Introduced in Senate