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Investment Protection and Economic Growth: New Rules for Money Market Funds

This act aims to protect citizens' investment choices by introducing new rules for money market funds. It allows funds to maintain a stable asset value, potentially increasing the security of savings. It also eliminates mandatory liquidity fees, which could lead to lower costs for investors.
Key points
Money market funds can elect a stable valuation method, aiming to protect the value of citizens' investments.
Elimination of mandatory liquidity fees for funds choosing stable valuation may reduce costs for investors.
Prohibition against regulatory bodies imposing mandatory pricing or fees for open-end investment companies, giving funds more flexibility and potentially broader investment product choices for citizens.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6783
Sponsor: Rep. Sessions, Pete [R-TX-17]
Process start date: 2023-12-14
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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

Capital Markets Financing and Economic Growth Investments Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6783.

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 2023-12-14.

What are the main provisions?

Key points include:

  • Money market funds can elect a stable valuation method, aiming to protect the value of citizens' investments.
  • Elimination of mandatory liquidity fees for funds choosing stable valuation may reduce costs for investors.
  • Prohibition against regulatory bodies imposing mandatory pricing or fees for open-end investment companies, giving funds more flexibility and potentially broader investment product choices for citizens.
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. Sessions, Pete [R-TX-17].

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 2025-12-25.

CATEGORIES

Economy Public Investments