Consumer Financial Choice and Capital Markets Protection Act of 2019
Latest action · Mar 11, 2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedMar 11, 2019
- Passed SenateNot reached
- Passed HouseNot 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 3
Members who signed on, in the order they did. All signed on Mar 11, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Gary C. Peters | Original | Mar 11, 2019 |
| R-SD | Mike Rounds | Original | Mar 11, 2019 |
| D-NJ | Robert Menendez | Original | Mar 11, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Mar 11, 2019 |
Actions 2
Everything that happened, newest first.
- Mar 11, 2019Introduced in Senate
- Mar 11, 2019Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF11320 | Money Market Mutual Funds: A Financial Stability Case Study Archived | Resource | Mar 24, 2020 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1117 | Consumer Financial Choice and Capital Markets Protection Act of 2017 | Reintroduction of | Jun 26, 2018 |
| S 2684 | Consumer Financial Choice and Capital Markets Protection Act of 2021 | Reintroduced Bill | Aug 9, 2021 |
| HR 4492 | Consumer Financial Choice and Capital Markets Protection Act of 2019 | Identical bill | Sep 25, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill 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.
- Mar 11, 2019Introduced in Senate
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.
