Congress 115 - HR 2319 - Consumer Financial Choice and Capital Markets Protection Act of 2018

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Cosponsors

Topics

Bank accounts, deposits, capital Consumer affairs Finance and Financial Sector Financial crises and stabilization Financial services and investments Government lending and loan guarantees Securities

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Summary

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.

Actions

Aug 24, 2018

Placed on the Union Calendar, Calendar No. 699.
Aug 24, 2018

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.
Jan 18, 2018

Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 21.
Jan 18, 2018

Committee Consideration and Mark-up Session Held.
Jan 17, 2018

Committee Consideration and Mark-up Session Held.
Nov 3, 2017

Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
May 3, 2017

Referred to the House Committee on Financial Services.
May 3, 2017

Introduced in House

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