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![handle is hein.congrecreports/crptxabqp0001 and id is 1 raw text is: AUTHENTICATEO
U.S. OVERNMENT
INFORMATION
Op
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-903
CONSUMER FINANCIAL CHOICE AND CAPITAL MARKETS
PROTECTION ACT OF 2017
AUGUST 24, 2018.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 2319]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2319) to protect the investment choices of investors in the
United States, and for other purposes, having considered the same,
report favorably thereon with an amendment and recommend that
the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Consumer Financial Choice and Capital Markets
Protection Act of 2018.
SEC. 2. TREATMENT OF MONEY MARKET FUNDS UNDER THE INVESTMENT COMPANY ACT OF
1940.
The Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) is amended by
adding at the end the following:
SEC. 66. MONEY MARKET FUNDS.
(a) DEFINITIONS.-In this section-
(1) the term 'covered Federal assistance' means Federal assistance used for
the purpose of-
(A) making any loan to, or purchasing any stock, equity interest, or debt
obligation of, any money market fund;
(B) guaranteeing any loan or debt issuance of any money market fund;
or
(C) entering into any assistance arrangement (including tax breaks), loss
sharing, or profit sharing with any money market fund; and
(2) the term 'Federal assistance' means-
(A) insurance or guarantees by the Federal Deposit Insurance Corpora-
tion;
(B) transactions involving the Secretary of the Treasury; or
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