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Halting New Reporting Rules for Investment Funds

This resolution aims to block new reporting rules for investment funds that were set to take effect. This means funds will not have to comply with additional liquidity and reporting requirements, which could impact how your investments are managed.
Key points
Rules regarding investment fund reporting (Form N-PORT and N-CEN) and liquidity risk management will not take effect.
The absence of new reporting obligations for funds may lead to lower operational costs, potentially affecting fees charged to investors.
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Status:
Introduced
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Additional Information
Print number: 119_HJRES_53
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12
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
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HJRES_53.

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 2025-02-12.

What are the main provisions?

Key points include:

  • Rules regarding investment fund reporting (Form N-PORT and N-CEN) and liquidity risk management will not take effect.
  • The absence of new reporting obligations for funds may lead to lower operational costs, potentially affecting fees charged to investors.
What is the specific legal status?

The current status is Introduced.

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. Clyde, Andrew S. [R-GA-9].

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 2025-12-21.

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