Investor'​s Business Daily writes "​SEC Has Money Market Funds In Crosshairs Again Wed.". It says, "With a new chairman at the helm, the Securities and Exchange Commission on Wednesday will renew its effort to overhaul the $​2.​7 trillion money market industry, which was shaken during the 2008 financial crisis. An effort to radically transform money market funds failed last year when then-​Chairman Mary Schapiro could not muster a majority on the five-​member commission. Democrat Luis Aguilar joined with the two Republicans to defeat her measure. But that hasn'​t stopped regulators, including new chief Mary Jo White, who believe money market funds remain vulnerable and could worsen a future financial crisis. The money market fund issue is among the biggest and most controversial the SEC has taken up in years. No one outside the agency knows for sure what White will propose at the SEC'​s meeting starting at 10 a.​m. ET." See also, Bloomberg'​s editorial "​Fix Money-​Market Funds Before the Next Crisis", which comments, "The U.​S. Securities and Exchange Commission blew a chance last year to reduce the odds that money-​market mutual funds will play a starring role in another financial crisis, as they did in 2008. The agency will take another swing at reform this week when it votes on a plan to make the funds less vulnerable to investor panics. Although the agency hasn'​t released a draft proposal, Bloomberg News reported that the SEC will do away with the fixed $​1 a share price for some money-​market funds. This is a step in the right direction, though there are several other measures the agency should consider to shore up the funds. Some might even garner support from the industry."

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