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Increased Transparency for Investment Funds and China-Related Holdings.

New rules enhance transparency for investment funds tracking market indexes. Citizens will learn who creates these indexes, how funds influence them, and what licensing fees are paid. Additionally, funds must disclose detailed information about investments in Chinese companies, allowing for better assessment of risks and affiliations.
Key points
Investment funds must disclose if they track specific market indexes, who the index provider is, and if the fund influences the index's composition.
Adding new investments in Chinese companies or increasing their weighting in an index will require approval from a majority of shareholders or the fund's board.
Funds will annually report to shareholders on the percentage of Chinese state ownership in companies they invest in, and the presence of Chinese Communist Party officials on those companies' boards.
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Expired
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Additional Information
Print number: 117_S_1743
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-05-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Index Provider Transparency and Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1743.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Investment funds must disclose if they track specific market indexes, who the index provider is, and if the fund influences the index's composition.
  • Adding new investments in Chinese companies or increasing their weighting in an index will require approval from a majority of shareholders or the fund's board.
  • Funds will annually report to shareholders on the percentage of Chinese state ownership in companies they invest in, and the presence of Chinese Communist Party officials on those companies' boards.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy