H. R. 8802, titled the “Capital Markets Impact of Federal Reserve Study Act,” directs the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to jointly study the effects of certain proposed rules on trading and capital markets. The...
Simple Explanation
The bill wants two big groups that watch over the money markets (the SEC and CFTC) to work together to see how some new rules might change how people trade and move money around. They need to talk to some advisors and tell the government what they find out pretty quickly.