HR 6783 · 118th Congress · Finance and Financial Sector
Capital Markets Financing and Economic Growth Investments Act of 2023
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2023-12-14)
Plain Language Summary
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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.)…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
3 Democrats1 Republican