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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_53
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12
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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.

CATEGORIES

Economy