Consumer Financial Choice and Capital Markets Protection Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 30, 2022)
Consumer Financial Choice and Capital Markets Protection Act of 2022
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. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.)
Current law limits the provision of certain federal assistance directly to any money market fund. The bill requires disclosure of this limitation on federal assistance in a money market's advertising and sales literature.
What just happenedSep 30, 2022
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseSep 30, 2022
- Sep 30, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Sep 30, 2022IntroReferralIntro-H
Introduced in House
- Sep 30, 2022IntroReferral1000
Introduced in House