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United States · Bill · HR

H.R. 6783 (118th)

Capital Markets Financing and Economic Growth Investments Act of 2023

referredUnited States· United States Congress· EN

Introduced

14 December 2023

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

13 August 2024

Summary

Capital Markets Financing and Economic Growth Investments Act of 2023 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 requirements related to the imposition of liquidity fees. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.) The Securities and Exchange Commission and securities exchanges are prohibited from enforcing rules or issuing guidance that imposes specified pricing structures or fees on an open-end company. (An open-end company offers securities in pooled investment vehicles such as mutual funds.)

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Documents

3 official files

Introduced in House (text)

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Sources

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