Money Market Mutual Fund Reform: The Need to Preserve a Critical Liquidity Product

Washington, District of Columbia
Thursday, July 25, 2013
Money Market Mutual Fund Reform: The Need to Preserve a Critical Liquidity Product
Thursday, July 25, 2013 10:00 AM - 1:30 PM (Eastern Time)

U.S. Chamber of Commerce
(202) 463-5374
1615 H Street NW
Washington, District of Columbia 20062
United States

Map and Directions

Join the U.S. Chamber Center for Capital Markets on Thursday, July 25 for an event that will reflect on the challenges of money market mutual fund (MMMF) reform.

On June 5, the U.S. Securities and Exchange Commission (SEC) voted unanimously to propose additional money market mutual fund reforms.  The U.S. Chamber remains focused on ensuring changes to existing regulations strengthen MMMFs while preserving their utility as an important cash management tool and a critical source of short-term funding for businesses, states, and cities.

The SECs proposal includes two principal alternative reforms that could be adopted alone or in combination.  One alternative would require a floating net asset value (NAV) for institutional prime and tax-exempt money market funds. The other alternative would require the use of liquidity fees and allow redemption gates in times of stress.

This event will feature the release of a report that outlines the operational challenges that a floating NAV will bring. Participants and attendees at the event will include a broad and diverse coalition of organizations and individuals, ranging from corporations to states and municipalities—all to discuss the merits of the SECs proposal, and how fundamental changes to the product will affect the many different stakeholders.

Event Logistics:
Registration will open at 10:00 a.m., followed by the program from 10:30 a.m. to 1:30 p.m.  Registration fees include $35 for U.S. Chamber members, and $45 for non-U.S. Chamber members.  Federal government employees are complimentary.*

*Legislative employees should consult with the House and Senate ethics office, as appropriate, to determine whether there would be any prohibition on their attendance at this event.

*Executive branch employees should obtain written permission to attend this event from their designated agency ethics office and should fax or email a copy of the permission to Leigh Stapleton at lstapleton@uschamber.com or by fax at (202) 955-1152 prior to the event.




 

Contact Information

  • Leigh Stapleton, director, CCMC
    Phone: 202-463-3162
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