Honoring the 100th anniversary of mutual funds.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H. Res. 1587 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. RES. 1587 Honoring the 100th anniversary of mutual funds. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 20, 2024 Mr. Garbarino (for himself and Mr. Sherman) submitted the following resolution; which was referred to the Committee on Financial Services _______________________________________________________________________ RESOLUTION Honoring the 100th anniversary of mutual funds. Whereas mutual funds have played an integral role in the financial landscape of the United States for a century, providing more than 100,000,000 Americans with access to diverse investment opportunities and helping them achieve their financial goals; Whereas the concept of mutual funds was pioneered by Massachusetts Investors Trust, established in 1924, marking the birth of an innovative investment vehicle that has since democratized investing for individuals from all walks of life; Whereas Congress enacted the Investment Company Act of 1940 and the Investment Advisers Act of 1940 …