Consumer Financial Choice and Capital Markets Protection Act of 2021
Summary
Consumer Financial Choice and Capital Markets Protection Act of 2021 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
Aug 2021
Committee Review
Floor Vote
President
Introduced Aug 9, 2021
Last action Aug 9, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 9, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Aug 9, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Patrick J. Toomey
RRepublican
Co
Gary C. Peters
DDemocratic
Co
Mike Rounds
RRepublican
Co
Robert Menendez
DDemocratic
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