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The proposed changes to money market rules are a response to a September 2008 run on funds that was caused by heavy losses in the Reserve Primary Fund.
At a meeting on Wednesday morning, S.E.C. staff members said they were limiting the changes to money funds used by big investors because those funds experienced the biggest problems in 2008.
Possible changes to money market funds have been discussed within the agency for over a year, and Ms. Schapiro distributed the 414-page proposal in June to the four other members of the commission, including Mr. Aguilar.
DealBook » Geithner Calls for Action on Tougher Rules for Money Market Funds | In a letter to the Financial Stability Oversight Council, the Treasury secretary said the changes to money market funds, which manage $2.6 trillion, were "essential for financial stability," Mr. Eavis reported.
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Attempts to make sweeping changes to money-market mutual funds, which played a destabilizing role in the 2008 financial crisis, have been derailed.
The Securities and Exchange Commission unanimously approved the proposal after what SEC Chairman Mary Jo White described was a "journey". The nearly $3 trillion industry has fiercely opposed major changes to money-market funds, but regulators persisted, citing the losses and panic they sparked during the crisis.
The SEC made changes to money-market funds immediately after the crisis that did little to change their popularity or basic approach.
Challenging the status quo of the bail system will be an uphill battle for civil rights advocates, as money bail has a long history in the U.S. The bail bond industry is fighting to protect its interests, portraying any changes to money-based bail as dangerous to public safety and hiring Paul Clement, the former solicitor general who defended bans on same-sex marriage before the Supreme Court.
He was into lots of things, from healthcare, to climate change to money in politics".
The change to money following the person who needs the services rather than going directly, for instance, to a skilled nursing facility is going to create more opportunities for community-based care on a broader continuum.
Tens of thousands of people signed this petition, demanding a change to money's disproportionate influence in politics.
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