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117-hr-9089117th Congress

Consumer Financial Choice and Capital Markets Protection Act of 2022

Sponsored By: Representative Williams, Roger [R-TX-25]

Unknown

Summary

Consumer Financial Choice and Capital Markets Protection Act of 2022 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 specified 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.) Current law limits the provision of certain federal assistance directly to any money market fund. The bill requires disclosure of this limitation on federal assistance in a money market's advertising and sales literature.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Williams, Roger [R-TX-25]

TX • R

Cosponsors

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 9/30/2022

Roll Call Votes

No roll call votes available for this bill.

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