U.S. Congress - H.R.1160 Money Market Fund Parity Act of 2009
H.R.1160 - Money Market Fund Parity Act of 2009
To direct the Securities and Exchange Commission to revise rules to provide for the comparable treatment and expanded use of qualified money market funds for broker-dealer financing. view all titles (2)
All Bill Titles
- Short: Money Market Fund Parity Act of 2009 as introduced.
- Official: To direct the Securities and Exchange Commission to revise rules to provide for the comparable treatment and expanded use of qualified money market funds for broker-dealer financing. as introduced.
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Official Summary
2/24/2009--Introduced.Money Market Fund Parity Act of 2009 - Directs the Securities and Exchange Commission (SEC) to revise, according to specified requirements, rules relating to net capital, custody and use of customers' securities, and certain underwritings to provide for: (1) treaOfficial Summary
2/24/2009--Introduced.Money Market Fund Parity Act of 2009 - Directs the Securities and Exchange Commission (SEC) to revise, according to specified requirements, rules relating to net capital, custody and use of customers' securities, and certain underwritings to provide for:(1) treatment of securities issued by qualified money market funds comparable with the treatment under those rules of other low-risk securities and deposits; and
(2) the expanded use of securities issued by qualified money market funds for financing by brokers and dealers.
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