Consumer Financial Choice and Capital Markets Protection Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Aug 9, 2021)
Consumer Financial Choice and Capital Markets Protection Act of 2021
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 happenedAug 9, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateAug 9, 2021
- Aug 9, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Aug 9, 2021IntroReferral10000
Introduced in Senate