Consumer Financial Choice and Capital Markets Protection Act of 2018
This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required.
Under specified conditions, a money market fund shall not be subject to certain 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 fund's advertising and sales literature.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 21.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.
Placed on the Union Calendar, Calendar No. 699.
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