Honoring the 100th anniversary of mutual funds.
12/16/2024, 7:25 PMSummary of Bill HRES 1587
Bill 118 HRES 1587, also known as the Honoring the 100th Anniversary of Mutual Funds resolution, was introduced in the US Congress to commemorate the centennial anniversary of the creation of mutual funds. Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities, such as stocks and bonds.The resolution recognizes the significant impact that mutual funds have had on the financial industry and the economy as a whole over the past century. It acknowledges the role that mutual funds play in providing individuals with access to professionally managed investment opportunities and helping them achieve their financial goals.
The resolution also highlights the importance of investor protection and transparency in the mutual fund industry, calling for continued efforts to ensure that investors are informed and protected when investing in mutual funds. Overall, Bill 118 HRES 1587 aims to celebrate the success and longevity of mutual funds as a valuable investment tool for individuals and institutions alike. It emphasizes the need for continued innovation and regulation in the mutual fund industry to uphold its integrity and benefit investors for another 100 years.
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Current Status of Bill HRES 1587
Bill HRES 1587 is currently in the status of Bill Introduced since November 20, 2024. Bill HRES 1587 was introduced during Congress 118 and was introduced to the House on November 20, 2024. Bill HRES 1587's most recent activity was Referred to the House Committee on Financial Services. as of November 20, 2024Bipartisan Support of Bill HRES 1587
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HRES 1587
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HRES 1587
Honoring the 100th anniversary of mutual funds.Honoring the 100th anniversary of mutual funds.Comments
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Sponsors and Cosponsors of HRES 1587
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