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118-hr-6783Committee
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Capital Markets Financing and Economic Growth Investments Act of 2023

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Summary

Official CRS summary

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.)

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Bill details

Congress
118
Bill type
hr
Introduced
December 14, 2023
Sponsor
Not yet available
Last action
December 14, 2023— Referred to the House Committee on Financial Services.

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