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116-hr-6732116th Congress

To direct the Secretary of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds.

Sponsored By: Representative Wenstrup, Brad R. [R-OH-2]

Unknown

Summary

This bill directs the Department of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds. An exchange-traded fund is a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be purchased or redeemed directly from the fund only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Wenstrup, Brad R. [R-OH-2]

OH • R

Cosponsors

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 10/2/2020

Roll Call Votes

No roll call votes available for this bill.

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