Plain English
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This is a Congressional Review Act (CRA) resolution to disapprove and nullify a specific Securities and Exchange Commission (SEC) rule. The rule in question required mutual funds and other registered investment companies to report detailed portfolio holdings and liquidity risk management information on Forms N-PORT and N-CEN and provided related guidance.
Market Impact Map
Action Timeline
2025-02-12
Referred to the House Committee on Financial Services.
2025-02-12
Introduced in House
2025-02-12
Introduced in House
Full Bill Text
119 HJ 53 IH: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Form N–PORT and Form N–CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs”. U.S. House of Representatives 2025-02-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IA 119th CONGRESS 1st Session H. J. RES. 53 IN THE HOUSE OF REPRESENTATIVES February 12, 2025 Mr. Clyde submitted the following joint resolution; which was referred to the Committee on Financial Services JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to Form N–PORT and Form N–CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs . That Congress disapproves the rule submitted by the Securities and Exchange Commission relating to Form N–PORT and Form N–CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs (89 Fed. Reg. 73764 (September 11, 2024)), and such rule shall have no force or effect.
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