Consumer Financial Choice and Capital Markets Protection Act of 2019
Latest action · Sep 25, 2019 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 25, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 14
Members who signed on, in the order they did. Signatures ran from Sep 25, 2019 to Mar 3, 2020; 6 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Alcee L. Hastings | Original | Sep 25, 2019 |
| R-WV | Alexander X. Mooney | Original | Sep 25, 2019 |
| D-PA | Michael F. Doyle | Original | Sep 25, 2019 |
| R-KS | Ron Estes | Original | Sep 25, 2019 |
| R-OH | Steve Stivers | Original | Sep 25, 2019 |
| D-TX | Vicente Gonzalez | Original | Sep 25, 2019 |
| D-NJ | Albio Sires | Oct 4, 2019 | |
| R-PA | Brian K. Fitzpatrick | Oct 15, 2019 | |
| R-PA | Guy Reschenthaler | Oct 28, 2019 | |
| D-OH | Joyce Beatty | Oct 29, 2019 | |
| R-TN | John W. Rose | Nov 14, 2019 | |
| D-NJ | Josh Gottheimer | Dec 3, 2019 | |
| D-MD | C. A. Dutch Ruppersberger | Feb 6, 2020 | |
| D-IL | Danny K. Davis | Mar 3, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 25, 2019 |
Actions 2
Everything that happened, newest first.
- Sep 25, 2019Introduced in House
- Sep 25, 2019Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 155, September 25, 2019, page H7990.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 733 | Consumer Financial Choice and Capital Markets Protection Act of 2019 | Identical bill | Mar 11, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To protect the investment choices of investors in the United States, and for other purposes.
- Short Title(s) as Introduced
- Consumer Financial Choice and Capital Markets Protection Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Sep 25, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
