How will the Dodd-Frank law impact money market accounts?

On October 14, 2016, Dodd-Frank law goes into effect regarding money market accounts. What changes will take place in core investment money market accounts?

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July 2016

Rather than reinvent the wheel, I’ll point you to Vanguard’s very good explanation of the changes to the money market accounts.  https://investor.vanguard.com/mutual-funds/money-market-reform/

If you are an individual investor, the changes should be very minor. Retail money market funds will still have stable $1 net asset values like you are accustomed to. Institutional funds (for corporations and foundations) will have floating net asset values that will fluctuate based on market conditions.