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Consumer Financial Choice and Capital Markets Protection Act of 2021

USA117th CongressS-2684| Senate 
| Updated: 8/9/2021
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 2021 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. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.) Current law limits the provision of certain federal assistance directly to any money market fund. The bill requires disclosure of this limitation on federal assistance in a money market's advertising and sales literature.
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Timeline

Bill from Previous Congress

S 116-733
Consumer Financial Choice and Capital Markets Protection Act of 2019
Aug 9, 2021
Introduced in Senate
Aug 9, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 30, 2022

Latest Companion Bill Action

HR 117-9089
Introduced in House
  • Bill from Previous Congress

    S 116-733
    Consumer Financial Choice and Capital Markets Protection Act of 2019


  • August 9, 2021
    Introduced in Senate


  • August 9, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 30, 2022

    Latest Companion Bill Action

    HR 117-9089
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 117-9089: Consumer Financial Choice and Capital Markets Protection Act of 2022

Consumer Financial Choice and Capital Markets Protection Act of 2021

USA117th CongressS-2684| Senate 
| Updated: 8/9/2021
Consumer Financial Choice and Capital Markets Protection Act of 2021 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. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.) Current law limits the provision of certain federal assistance directly to any money market fund. The bill requires disclosure of this limitation on federal assistance 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

Bill from Previous Congress

S 116-733
Consumer Financial Choice and Capital Markets Protection Act of 2019
Aug 9, 2021
Introduced in Senate
Aug 9, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 30, 2022

Latest Companion Bill Action

HR 117-9089
Introduced in House
  • Bill from Previous Congress

    S 116-733
    Consumer Financial Choice and Capital Markets Protection Act of 2019


  • August 9, 2021
    Introduced in Senate


  • August 9, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 30, 2022

    Latest Companion Bill Action

    HR 117-9089
    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 117-9089: Consumer Financial Choice and Capital Markets Protection Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted