118th Congress Finance and Financial Sector
H.R. 6783: Capital Markets Financing and Economic Growth Investments Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Vicente Gonzalez D-TXOriginal
- John Joyce R-PA
- Gwen Moore D-WI
- Josh Gottheimer D-NJ
Who scored on this bill
- 1Pete Sessions SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Pete Sessions
History
- Introduced in the House by Pete Sessions.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.