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Honoring 100 Years of Mutual Funds: Impact on American Financial Well-being

The U.S. House of Representatives honored the 100th anniversary of mutual funds, highlighting their crucial role in providing over 100 million Americans with access to diverse investment opportunities. These funds have helped citizens achieve financial goals like retirement savings and education planning, while also contributing to economic stability. The document emphasizes that mutual funds offer professional management, diversification, and transparency, empowering individuals to participate in financial markets with confidence.
Key points
Mutual funds have helped over 100 million Americans save and invest for 100 years, supporting their financial goals.
They provide access to professional money management, diverse investments, and clear information, making it easier for people to build their financial future.
Government bodies like Congress and the SEC have put rules in place to protect investors and ensure the safety of these funds.
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Additional Information
Print number: 118_HRES_1587
Sponsor: Rep. Garbarino, Andrew R. [R-NY-2]
Process start date: 2024-11-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Honoring the 100th anniversary of mutual funds.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HRES_1587.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-20.

What are the main provisions?

Key points include:

  • Mutual funds have helped over 100 million Americans save and invest for 100 years, supporting their financial goals.
  • They provide access to professional money management, diverse investments, and clear information, making it easier for people to build their financial future.
  • Government bodies like Congress and the SEC have put rules in place to protect investors and ensure the safety of these funds.
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 Rep. Garbarino, Andrew R. [R-NY-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy