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Blocks and nullifies an SEC rule that would have changed reporting by open‑end funds and issued guidance on liquidity risk management. The rule published at 89 Fed. Reg. 73764 (Sept. 11, 2024) will have no force or effect if this resolution becomes law. This stops the new Form N‑PORT / Form N‑CEN reporting requirements and the accompanying liquidity‑management guidance from taking effect and prevents the SEC from enforcing that specific rule.
Referred to the House Committee on Financial Services.
Introduced February 12, 2025 by Andrew S. Clyde · Last progress February 12, 2025