H.R.2319 - Consumer Financial Choice and Capital Markets Protection Act of 2018115th Congress (2017-2018) |
|Sponsor:||Rep. Rothfus, Keith J. [R-PA-12] (Introduced 05/03/2017)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 115-903|
|Latest Action:||House - 08/24/2018 Placed on the Union Calendar, Calendar No. 699. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2319 — 115th Congress (2017-2018)All Information (Except Text)
Reported to House with amendment(s) (08/24/2018)
Consumer Financial Choice and Capital Markets Protection Act of 2018
This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required.
Under specified conditions, a money market fund shall not be subject to certain requirements related to the imposition of liquidity fees.
Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money market fund's advertising and sales literature.