HR 1171 · 110th Congress · Finance and Financial Sector
Money Market Fund Parity Act of 2007
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.(2007-04-11)
Plain Language Summary
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Money Market Fund Parity Act of 2007 - Directs the Securities and Exchange Commission to revise, according to specified requirements, rules relating to net capital, custody and use of customers' securities, and certain underwritings to provide for: (1) treatment of securities issued by qualified money market funds comparable with the treatment under those rules of other low-risk securities and deposits; and (2) the expanded use of securities issued by qualified money market funds for financing by brokers and dealers.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
2 Democrats4 Republicans