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HR 1160 111th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Financial services and investments Securities Securities and Exchange Commission (SEC)

Money Market Fund Parity Act of 2009

Introduced: February 24, 2009 Introduced by: Meeks, Gregory W. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 2009
Referred to the House Committee on Financial Services.
Feb 24, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Money Market Fund Parity Act of 2009 - Directs the Securities and Exchange Commission (SEC) 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 February 24, 2009

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1