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FSOC Recommends and Seeks Comment on Money Market Mutual Fund

On November 13, the Financial Stability Oversight Council (FSOC) voted unanimously to advance its report entitled “Proposed Recommendations Regarding Money Market Mutual Fund Reform.” FSOC was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to identify risks to the financial stability of the United States, to promote market discipline, and to respond to emerging risks to the stability of the United States’ financial system.

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