Consumer Financial Choice and Capital Markets Protection Act of 2018

United States115th CongressHR-2319House of Representatives
Updated: Aug 24, 2018

Summary

Consumer Financial Choice and Capital Markets Protection Act of 201 8 This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. Under specified conditions, a money market fund shall not be subject to certain requirements related to the imposition of liquidity fees. Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money market fund's advertising and sales literature.

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Timeline

  1. Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 21.

    House of Representatives

  2. Committee Consideration and Mark-up Session Held.

    House of Representatives

  3. Placed on the Union Calendar, Calendar No. 699.

    House of Representatives

  4. Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.

    House of Representatives