"The FSOC's three alternative recommendations include: Requiring MMFs to trade under a floating new asset value (NAV), thereby removing their current status fixed to a stable NAV of $1.00. Permitting MMFs to maintain a stable NAV, while holding a capital buffer of up to 1 percent of the fund's assets and requiring a marginal percentage be withheld from immediate investor redemption. Permitting MMFs to maintain a stable NAV, while holding a 3 percent buffer of the fund's assets for explicit loss-absorption, as well as additional measures, including diversification of fund investments. Following a 60-day public comment period, FSOC will issue a final recommendation to the SEC, requesting, once again, that the agency take action. If the SEC fails to do so, FSOC could exercise its authority to declare MMFs systemically important and place them under the oversight of the Federal Reserve."

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