S 1117
115th Congress
Senate
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 2017
Introduced: May 11, 2017
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
May 11, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 11, 2017
Introduced in Senate
Plain-English summary
Consumer Financial Choice and Capital Markets Protection Act of 2017
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. A money market fund that elects to do so shall not be subject to specified 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's advertising and sales literature.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Committees of jurisdiction
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