Search Results: keywords:"hedge funds"

  • S. 5237 — To prohibit index funds from investing in Chinese companies, and for other purposes.
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    Status:Introduced in Senate
    Words:691

    S. 5237, titled the "No China in Index Funds Act," aims to stop index funds from investing in companies tied to China. It defines what constitutes a "Chinese company" and prohibits investment companies or hedge funds from holding these investments. If an index fund already...

    Simple Explanation

    This bill, called the "No China in Index Funds Act," wants to make a rule that index funds can't invest in companies from China, and if they already have such investments, they need to sell them within 180 days or pay big fines.

  • H. R. 6608 — To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
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    Status:Introduced in House
    Words:3,112

    H.R. 6608, known as the “End Hedge Fund Control of American Homes Act,” seeks to amend the Internal Revenue Code of 1986 to impose excise taxes on hedge funds that do not sell excessive single-family residences they own. The bill introduces a tax on the acquisition of single-family residences...

    Simple Explanation

    H.R. 6608 is a bill that wants big companies, like hedge funds, to sell off some of the houses they own so more families can buy them. If they don't sell these houses, they have to pay a big tax, and this tax money will help families buy homes by giving them extra money for things like the down payment.