Search Results: keywords:"index funds"

  • S. 5237 — To prohibit index funds from investing in Chinese companies, and for other purposes.
    💰
    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.

  • S. 4589 — To prohibit index funds and registered investment companies from investing in Chinese companies, and for other purposes.
    💰
    Status:Introduced in Senate
    Words:1,338

    The bill S. 4589, introduced by Mr. Scott of Florida, aims to stop index funds and registered investment companies in the U.S. from investing in companies based in China. It highlights concerns about significant U.S. investments in Chinese companies that may advance China's...

    Simple Explanation

    The bill wants to stop U.S. investment companies from putting money into Chinese companies because it worries they might help China's military. If these companies don't stop within a year, they could face big fines every day.

  • H. R. 7758 — To prohibit index funds from investing in Chinese companies, and for other purposes.
    💰
    Status:Introduced in House
    Words:692

    H.R. 7758, titled the "No China in Index Funds Act," aims to stop index funds from investing in companies connected to China. The bill requires these funds to remove their current investments in Chinese companies within 180 days from the enactment of the law. If an index fund...

    Simple Explanation

    H.R. 7758 is a bill that wants to stop big groups of investments, called index funds, from putting money into companies connected to China, and if they don't follow this rule, they could be punished with a fine. It also gives them about six months to sell any Chinese company investments they already have.