Consumer Financial Choice and Capital Markets Protection Act of 2022
Summary
Consumer Financial Choice and Capital Markets Protection Act of 2022 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. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.) Current law limits the provision of certain federal assistance directly to any money market fund. The bill requires disclosure of this limitation on federal assistance in a money market's advertising and sales literature.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2022
Committee Review
Floor Vote
President
Introduced Sep 30, 2022
Last action Sep 30, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 30, 2022
Committee
Referred to the House Committee on Financial Services.
lower
Sep 30, 2022
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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