Capital Markets Financing and Economic Growth Investments Act of 2023
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 14, 2023)
Capital Markets Financing and Economic Growth Investments Act of 2023
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 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.)
The Securities and Exchange Commission and securities exchanges are prohibited from enforcing rules or issuing guidance that imposes specified pricing structures or fees on an open-end company. (An open-end company offers securities in pooled investment vehicles such as mutual funds.)
What just happenedDec 14, 2023
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseDec 14, 2023
- Dec 14, 2023IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Dec 14, 2023IntroReferralIntro-H
Introduced in House
- Dec 14, 2023IntroReferral1000
Introduced in House