The Treasury Department is unlikely to extend the temporary money market fund insurance program that is set to expire Sept. 18, due to proposed regulations. Virtually all money funds initially participated in the program after it was first offered a year ago by paying a premium, but as markets stabilized, funds that invest in U.S. government securities bowed out.

“It’s extremely unlikely [the program will continue]. The whole idea is for it to quietly expire unnoticed,” Mercer Bullard, founder of Fund Democracy, told the San Francisco Chronicle.

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