On August 27, the GFOA partnered with the Investment Company Institute (ICI) and the U.S. Chamber to provide a webinar to state and local governments outlining our concerns with the June 5 SEC money market fund (MMF) reform proposal. The proposal, which includes the option of requiring a floating net asset value (NAV) for institutional prime and tax-exempt MMFs, could be harmful to state and local governments for a number of reasons, which are summarized in the attached factsheet, and which were addressed by the GFOA’s own Kathryn Hewitt, Treasurer of Harford County, MD on the webinar. GFOA members interested in viewing the archived webinar can access it here. The ICI has also developed a draft letter for interested parties to use in conveying their concerns to the SEC, which is available here. The GFOA will be sending in a comment letter in response to the SEC proposal, and we urge our members to weigh in as well.