US SB733 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 11 2019 - 25% progression, died in committee
Action: 2019-03-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 11 2019 - 25% progression, died in committee
Action: 2019-03-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Consumer Financial Choice and Capital Markets Protection Act of 2019
Sponsors
| Sen. Pat Toomey [R-PA] | Sen. Robert Menendez [D-NJ] | Sen. Mike Rounds [R-SD] | Sen. Gary Peters [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-11 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB4492 (Same As) 2019-09-25 - Referred to the House Committee on Financial Services.
Subjects
Bank accounts, deposits, capital
Consumer affairs
Finance and financial sector
Financial crises and stabilization
Financial services and investments
Government lending and loan guarantees
Securities
Consumer affairs
Finance and financial sector
Financial crises and stabilization
Financial services and investments
Government lending and loan guarantees
Securities
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/733/all-info |
| Text | https://www.congress.gov/116/bills/s733/BILLS-116s733is.pdf |
