1. Short title This Act may be cited as the Capital Markets Financing and Economic Growth Investments Act of 2023 . 2. Treatment of money market funds under the Investment Company Act of 1940 The Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq. ) is amended by adding at the end the following: 66. Money market funds (a) Election To be a stable value money market fund (1) In general Any open-end investment company (or a separate series thereof) that is a money market fund that relies on section 270.2a–7 of title 17, Code of Federal Regulations, may, in the prospectus included in its registration statement filed under section 8 state that the company has elected to compute the current price per share, for purposes of distribution or redemption and repurchase, of any redeemable security issued by the company by using the amortized cost method of valuation, or the penny-rounding method of pricing, regardless of whether its shareholders are limited to natural persons, if— (A) the objective or principal investment strategy of the company is not inconsistent with the generation of income and preservation of capital through investment in short-term, high-quality debt securities; (B) the board of directors of the company elects, on behalf of the company, to maintain a stable net asset value per share or stable price per share, by using the amortized cost valuation method, as defined in section 270.2a–7(a) of title 17, Code of Federal Regulations (or successor regulation), or the penny-rounding pricing method, as defined in section 270.2a–7(a) of title 17, Code of Federal Regulations (or successor regulation), and the board of directors of the company has determined, in good faith, that— (i) it is in the best interests of the company, and its shareholders, to do so; and (ii) the money market fund will continue to use such method or methods only as long as the board of directors believes that the resulting share price fairly reflects the market-based net asset value per share of the company