On Tuesday, November 13, 2012, Treasury Secretary Tim Geithner will preside over an open session of the Financial Stability Oversight Council. The Council will discuss, among other topics, proposed recommendations regarding money market mutual fund reform pursuant to the Council’s authority under section 120 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Geithner warned in September that the council of regulators was likely to step in if the Securities and Exchange Commission did not act to address reform. SEC Chairman Mary Schapiro has attempted to push forward on a reform proposal, but has been unable to win approval from the agency's board.

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