skip to main content

H.R. 2319: Consumer Financial Choice and Capital Markets Protection Act of 2018

Call or Write Congress

About the bill

Source: Republican Policy Committee

H.R. 2319 reverses portions of the U.S. Securities and Exchange Commission’s (SEC or Commission) 2014 rule on money market funds (MMFs). Specifically, the legislation allows MMFs, regardless of whether their investors are retail or institutional, to elect to use the stable Net Asset Value (NAV) approach instead of a floating NAV to calculate the price per share. Additionally, MMFs, either by making the election to use a stable NAV or through its board of directors, can choose not to be subject to the mandatory liquidity fee provision ...

Sponsor and status

Keith Rothfus

Sponsor. Representative for Pennsylvania's 12th congressional district. Republican.

Read Text »
Last Updated: Aug 24, 2018
Length: 10 pages
Introduced:

May 3, 2017

Status:

Ordered Reported on Jan 18, 2018

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on January 18, 2018.

The House Majority Leader indicated on Sep 24, 2018 that this bill may be considered in the week ahead.

Prognosis:

29% chance of being enacted according to Skopos Labs (details)

What stakeholders are saying

Institute for Spending Reform: SpendingTracker.org estimates H.R. 2319 will add $1 million in new spending through 2023.

History

May 3, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jan 17, 2018
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Jan 18, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Aug 24, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Sep 24, 2018
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

If this bill has further action, the following steps may occur next:
 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 2319 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 2319 — 115th Congress: Consumer Financial Choice and Capital Markets Protection Act of 2018.” www.GovTrack.us. 2017. November 21, 2018 <https://www.govtrack.us/congress/bills/115/hr2319>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.