Consumer Financial Choice and Capital Markets Protection Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 11, 2019)
Consumer Financial Choice and Capital Markets Protection Act of 2019
This bill allows 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 happenedMar 11, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateMar 11, 2019
- Mar 11, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Mar 11, 2019IntroReferral10000
Introduced in Senate