S. 733 · 116th Congress
Consumer Financial Choice and Capital Markets Protection Act of 2019
- Stage
- In committee
- Sponsor
- Pat Toomey
- Introduced
- 2019-03-11
- Latest action
- 2019-03-11 · Introduced in Senate
Summary
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.