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Capital Markets Financing and Economic Growth Investments Act of 2023

USA118th CongressHR-6783| House 
| Updated: 12/14/2023
Pete Sessions

Pete Sessions

Republican Representative

Texas

Cosponsors (4)
Vicente Gonzalez (Democratic)John Joyce (Republican)Josh Gottheimer (Democratic)Gwen Moore (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.)
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Timeline
Dec 14, 2023
Introduced in House
Dec 14, 2023
Referred to the House Committee on Financial Services.
  • December 14, 2023
    Introduced in House


  • December 14, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Capital Markets Financing and Economic Growth Investments Act of 2023

USA118th CongressHR-6783| House 
| Updated: 12/14/2023
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.)
View Full Text

Suggested Questions

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

Timeline
Dec 14, 2023
Introduced in House
Dec 14, 2023
Referred to the House Committee on Financial Services.
  • December 14, 2023
    Introduced in House


  • December 14, 2023
    Referred to the House Committee on Financial Services.
Pete Sessions

Pete Sessions

Republican Representative

Texas

Cosponsors (4)
Vicente Gonzalez (Democratic)John Joyce (Republican)Josh Gottheimer (Democratic)Gwen Moore (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted