Capital Markets Financing and Economic Growth Investments Act of 2023
- Last Action
- 12/14/2023
Actions
- 2023-12-14Referred to the House Committee on Financial Services.
- 2023-12-14Introduced in House
- 2023-12-14Introduced in House
CRS Summary
As of 2023-12-14 (00)
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.)
Cosponsors (4)
- Vicente Gonzalez (D-TX)
- John Joyce (R-PA)
- Gwen Moore (D-WI)
- Josh Gottheimer (D-NJ)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.