One month ago, a U.S. Securities and Exchange Commission proposal to tighten rules for the $2.6 trillion money-market mutual fund industry was declared dead. Now, it's coming back to life.
The revival was sparked by Treasury Secretary Timothy F. Geithner, who added fuel to a new round of dealmaking among regulators, funds and banks when he used the 2010 Dodd-Frank Act to force the issue back onto the SEC's agenda.
The money-market mutual-fund industry, which provides critical short-term financing for companies and financial firms, pushed against the rules in the first round and could still be successful in derailing them, analysts said.
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