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Investment Protection and Money Market Funds: New Rules

This act aims to protect investors by allowing money market funds to choose a stable valuation method. A key change is the prohibition of direct government bailouts for these funds, meaning investors must be aware of the risks. Information about this prohibition will need to be clearly disclosed in promotional materials.
Key points
Money market funds can opt for stable valuation, aiming to increase predictability for investors.
The federal government will be prohibited from directly bailing out money market funds, increasing investor risk in case of issues.
All fund prospectuses and marketing materials must clearly disclose the prohibition on government bailouts, ensuring investors are fully informed.
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Status:
Expired
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Additional Information
Print number: 117_S_2684
Sponsor: Sen. Toomey, Patrick [R-PA]
Process start date: 2021-08-09
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Consumer Financial Choice and Capital Markets Protection Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2684.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-08-09.

What are the main provisions?

Key points include:

  • Money market funds can opt for stable valuation, aiming to increase predictability for investors.
  • The federal government will be prohibited from directly bailing out money market funds, increasing investor risk in case of issues.
  • All fund prospectuses and marketing materials must clearly disclose the prohibition on government bailouts, ensuring investors are fully informed.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Toomey, Patrick [R-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy