S 2046
No China in Index Funds Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the No China in Index Funds Act, aims to prevent index funds – investment vehicles that track a market index – from investing in companies based in or controlled by the Chinese government. It defines key terms like ‘Chinese company’ and establishes a process for enforcing the prohibition, including civil penalties for violations. The bill provides a 180-day safe harbor for existing index fund investments made before the bill’s enactment. Ultimately, the goal is to reduce U.S. investment exposure to Chinese companies.
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