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?
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.