HR 2319
115th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Consumer affairs
Financial crises and stabilization
Financial services and investments
Government lending and loan guarantees
Securities
Consumer Financial Choice and Capital Markets Protection Act of 2018
Introduced: May 3, 2017
See on congress.gov
Everywhere this bill has been
8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 24, 2018
Placed on the Union Calendar, Calendar No. 699.
Aug 24, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-903.
Jan 18, 2018
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 21.
Jan 18, 2018
Committee Consideration and Mark-up Session Held.
Jan 17, 2018
Committee Consideration and Mark-up Session Held.
Nov 3, 2017
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
May 3, 2017
Referred to the House Committee on Financial Services.
May 3, 2017
Introduced in House
Plain-English summary
Consumer Financial Choice and Capital Markets Protection Act of 2018
This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required.
Under specified conditions, a money market fund shall not be subject to certain requirements related to the imposition of liquidity fees.
Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money market fund's advertising and sales literature.
What's happening now
Placed on the Union Calendar, Calendar No. 699.
Committees of jurisdiction
2