S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. Toomey, Pat [R-PA] (Introduced 03/11/2019)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 03/11/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.733 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (03/11/2019)
Consumer Financial Choice and Capital Markets Protection Act of 2019
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.
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's advertising and sales literature.