“It’s not going to be long now that we get the draft up and start working through it and in the very near term have a proposal,” Gallagher said in an interview outside of an SEC conference in Washington.
The Senate confirmed White, 65, yesterday to join the commission. Her views on money funds aren’t well known. At her March 12 nomination hearing, White said any new regulation should preserve the value of money-fund products for investors.
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