PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Financial Services.
Congressional Research Service
Version 00 · 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.)
People & committees
Rep. Sessions, Pete [R-TX-17] · R–TX
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 13, 2024. Consult Congress.gov for the current record.
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