Skip to main content
HR 6783 118th Congress House Finance and Financial Sector

Capital Markets Financing and Economic Growth Investments Act of 2023

Introduced: December 14, 2023 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2023
Referred to the House Committee on Financial Services.
Dec 14, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Capital Markets Financing and Economic Growth Investments Act of 2023

This bill allows 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 requirements related to the imposition of liquidity fees. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.)

The Securities and Exchange Commission and securities exchanges are prohibited from enforcing rules or issuing guidance that imposes specified pricing structures or fees on an open-end company. (An open-end company offers securities in pooled investment vehicles such as mutual funds.)

What's happening now December 14, 2023

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1