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The document is a transcript of a Senate hearing on the health and stability of money market mutual funds, held on June 21, 2012. It discusses the impact of past reforms and the need for further changes to address systemic risks posed by these funds, particularly in light of the financial crisis. Key testimonies include concerns from SEC Chairman Mary Schapiro about the potential for runs on money market funds and the necessity for structural reforms such as capital buffers and redemption restrictions.

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Scribd Government Docs

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EN