Legis Daily

Consumer Financial Choice and Capital Markets Protection Act of 2019

USA116th CongressS-733| Senate 
| Updated: 3/11/2019
Patrick Toomey

Patrick Toomey

Republican Senator

Pennsylvania

Cosponsors (3)
Mike Rounds (Republican)Robert Menendez (Democratic)Gary C. Peters (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Consumer Financial Choice and Capital Markets Protection Act of 2019 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. 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's advertising and sales literature.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 11, 2019
Introduced in Senate
Mar 11, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 25, 2019

Latest Companion Bill Action

HR 116-4492
Introduced in House
  • March 11, 2019
    Introduced in Senate


  • March 11, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 25, 2019

    Latest Companion Bill Action

    HR 116-4492
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 116-4492: Consumer Financial Choice and Capital Markets Protection Act of 2019
Bank accounts, deposits, capitalConsumer affairsFinancial crises and stabilizationFinancial services and investmentsGovernment lending and loan guaranteesSecurities

Consumer Financial Choice and Capital Markets Protection Act of 2019

USA116th CongressS-733| Senate 
| Updated: 3/11/2019
Consumer Financial Choice and Capital Markets Protection Act of 2019 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. 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's advertising and sales literature.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 11, 2019
Introduced in Senate
Mar 11, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 25, 2019

Latest Companion Bill Action

HR 116-4492
Introduced in House
  • March 11, 2019
    Introduced in Senate


  • March 11, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 25, 2019

    Latest Companion Bill Action

    HR 116-4492
    Introduced in House
Patrick Toomey

Patrick Toomey

Republican Senator

Pennsylvania

Cosponsors (3)
Mike Rounds (Republican)Robert Menendez (Democratic)Gary C. Peters (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-4492: Consumer Financial Choice and Capital Markets Protection Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalConsumer affairsFinancial crises and stabilizationFinancial services and investmentsGovernment lending and loan guaranteesSecurities