WASHINGTON – The Senate has unanimously approved a bill that would extend a federal law governing U.S. mutual funds, exchange-traded funds and hedge funds to cover those funds in Puerto Rico and other territories as well.

The U.S. Territories Investor Protection Act (S. 484) was sponsored by U.S. Sen. Bob Menendez, D-N.J., and is similar to a bill pending in the House that was introduced earlier this year by Rep. Nydia Velazquez, D-N.Y.

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