Date: September 12, 2013
Issue: Money Market Fund Reform
Filing Type: Regulatory
Description: We urge the SEC to refrain from adopting a final regulation that incorporates regulatory mandates that will remove the key characteristics of liquidity and principal preservation that have made MMMFs valuable as a cash management tool. Regulatory changes that fundamentally alter the existing structure and characteristics of these funds would restrict short-term financing for businesses and municipalities, and hurt the American economy.