S. 1117 · 115th Congress
Consumer Financial Choice and Capital Markets Protection Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ToomeySponsor4 cosponsors · 3 D, 1 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Consumer Financial Choice and Capital Markets Protection Act of 2017
What it does: CRS summary · Introduced in Senate · May 11, 2017
Consumer Financial Choice and Capital Markets Protection Act of 2017
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. 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Consumer Financial Choice and Capital Markets Protection Act of 2017
Latest action (Jun 26, 2018): Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 11, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.