(Bloomberg) -- Some of the U.S.s largest providers of money-market mutual funds have sought a compromise on new regulation, making adoption of tougher rules for the $2.6 trillion industry more likely if far from a sure bet.
A U.S. Securities and Exchange Commission proposal, scheduled to be voted on tomorrow, would require the riskiest funds to end the longstanding practice of pricing shares at a fixed value of $1 and instead force them to float. The vote will kick off a months-long burst of lobbying from investors, fund companies and other stakeholders before SEC commissioners consider a final version.
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