H.R.1171 - Money Market Fund Parity Act of 2007

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

  • 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.
  • Short: Money Market Fund Parity Act of 2007 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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02/15/07
 
 
 
 
 
 
 

Official Summary

2/16/2007--Introduced.Money Market Fund Parity Act of 2007 - Directs the Securities and Exchange Commission 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

Official Summary

2/16/2007--Introduced.
Money Market Fund Parity Act of 2007 - Directs the Securities and Exchange Commission 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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