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Prohibition on Index Funds Investing in Chinese Companies

This act aims to prohibit index funds from investing in Chinese companies, potentially impacting citizens' investment portfolios. Funds will have 180 days to divest existing investments, and significant financial penalties will be imposed for violations. Citizens should be aware of potential changes in the composition of their investment funds.
Key points
Index funds will be prohibited from investing in Chinese companies, which may alter citizens' investment portfolios.
Funds have 180 days to sell existing investments in Chinese companies, potentially affecting their value.
High financial penalties will be imposed for violations, ensuring compliance with the new regulations.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_7758
Sponsor: Rep. Sherman, Brad [D-CA-32]
Process start date: 2024-03-20
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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

No China in Index Funds Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7758.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-03-20.

What are the main provisions?

Key points include:

  • Index funds will be prohibited from investing in Chinese companies, which may alter citizens' investment portfolios.
  • Funds have 180 days to sell existing investments in Chinese companies, potentially affecting their value.
  • High financial penalties will be imposed for violations, ensuring compliance with the new regulations.
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 Rep. Sherman, Brad [D-CA-32].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy