I am grateful to Senators Menendez, Crapo, and Manchin for joining me in legislation that would allow funds to elect a status which would enable money market funds to use the amortized cost and penny rounding accounting, therefore, maintain a stable NAV.
Toomey expresses gratitude for bipartisan support on legislation for money market funds.
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We should avoid the temptation to adopt new so-called tenant protections or permanent rental assistance that will have negative unintended consequences.
Instead of pushing a reckless tax-and-spending bill, the Administration should look to opportunities for bipartisan legislation.
I have no doubt that a few years after these projects are completed, transit agencies will come back to Congress pleading for still more subsidies to operate systems that have become far too large for the demand.
We owe it to each customer to get to the bottom of the FTX implosion, and any violations of the law should be aggressively prosecuted.
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