The proposals that the SEC rejected were aimed at making money-market funds more robust by requiring that each fund maintain capital reserves or let its value “float” – and not be rounded up – to reflect its true, underlying risk. The proposal would also have required that money-market funds hold back a fraction of some redemptions, thereby making investors take some risk that funds might not have complete transactional liquidity if their investments weakened.
而美国证券交易委员会所否决的几个提案正是为了让货币市场基金更加稳固，要求每个基金保持资本储备或者任其“浮动”——而不是凑整——来体现真实和潜在的风险。提案同时也要求货币市场基金拒绝某些赎回行动中的一部分交易，从而令投资者们承担更多的风险——如果他们的投资受损的话基金或许不会有完全的交易流动性。