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Bill115th CongressFiled May 3, 2017Finance and Financial Sector
H.R. 2319

Consumer Financial Choice and Capital Markets Protection Act of 2018

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house with amendment(s) (Aug 24, 2018)

Consumer Financial Choice and Capital Markets Protection Act of 2018

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.

Under specified conditions, a money market fund shall not be subject to certain 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 fund's advertising and sales literature.

What just happenedAug 24, 2018

Placed on the Union Calendar, Calendar No. 699.

Who’s behind it

Rep. Rothfus, Keith J. [R-PA-12](R-PA)Sponsor
73 cosponsors29 D44 R
Read on Congress.gov
73cosponsors1committees10actions1related bills6subjects
  1. Aug 24, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 699.

  2. Aug 24, 2018CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.

    Financial Services Committee
  3. Aug 24, 2018Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.

    Financial Services Committee
  4. Jan 18, 2018Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 21.

    Financial Services Committee
  5. Jan 18, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Jan 17, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  7. Nov 3, 2017Committee

    Hearings Held by the Subcommittee on Capital Markets Prior to Referral.

    Capital Markets Subcommittee
  8. May 3, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  9. May 3, 2017IntroReferralIntro-H

    Introduced in House

  10. May 3, 2017IntroReferral1000

    Introduced in House

Reported to House with amendment(s)Aug 24, 201817

Consumer Financial Choice and Capital Markets Protection Act of 2018

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.

Under specified conditions, a money market fund shall not be subject to certain 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 fund's advertising and sales literature.

Introduced in HouseMay 3, 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.

Consumer Financial Choice and Capital Markets Protection Act of 2018 — Informed