HR 1171
110th Congress
House
Finance and Financial Sector
Administrative procedure
Bank accounts
Brokers
Capital
Commerce
Government Operations and Politics
Independent regulatory commissions
Investments
Law
Margins (Security trading)
Money market funds
Securities
Securities and Exchange Commission
Securities industry
Securities regulation
Surety and fidelity
Money Market Fund Parity Act of 2007
Introduced: February 16, 2007
Introduced by:
Meeks, Gregory W.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 11, 2007
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Feb 16, 2007
Referred to the House Committee on Financial Services.
Feb 16, 2007
Introduced in House
Plain-English summary
Money Market Fund Parity Act of 2007 - Directs the Securities and Exchange Commission to revise, according to specified requirements, rules relating to net capital, custody and use of customers' securities, and certain underwritings to provide for: (1) treatment of securities issued by qualified money market funds comparable with the treatment under those rules of other low-risk securities and deposits; and (2) the expanded use of securities issued by qualified money market funds for financing by brokers and dealers.
What's happening now
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Committees of jurisdiction
2