Search Results: keywords:"investment company act of 1940"

  • 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. 9342 — To amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisors Act of 1940 with respect to the determination of violations.
    Status:Introduced in House
    Words:1,248

    H.R. 9342, also known as the “Securities Enforcement Clarity Act of 2024,” aims to amend several key financial laws to clarify how violations are counted. The bill modifies the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940,...

    Simple Explanation

    H.R. 9342, called the Securities Enforcement Clarity Act, is like a new rule that helps people understand how and when someone has broken certain financial laws. If someone makes a mistake or keeps doing the wrong thing, this rule says it will only count as one mistake if they are all closely related, making it simpler to decide on punishments.

  • H. R. 9451 — To enhance civil penalties under the Federal securities laws, and for other purposes.
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    Status:Introduced in House
    Words:5,213

    H. R. 9451 seeks to increase civil penalties for violations of Federal securities laws. This includes amending penalties under several acts, such as the Securities Act of 1933 and the Securities Exchange Act of 1934, by raising maximum fines for offenses involving fraud or...

    Simple Explanation

    H.R. 9451 is like a rulebook that says people who break money and investment rules have to pay bigger fines, especially if they've done it before. This might be tough for smaller companies because it makes them pay a lot if they mess up.

  • H. R. 6783 — To protect the investment choices of investors in the United States, and for other purposes.
    Status:Introduced in House
    Words:1,041

    The bill titled "Capital Markets Financing and Economic Growth Investments Act of 2023" aims to protect investment choices for investors in the United States. It allows money market funds to maintain stable share prices by using specific pricing methods, like the amortized...

    Simple Explanation

    The bill wants to help people in the U.S. make safe investment choices by letting certain funds keep their prices steady, even if their investors include companies, and it doesn't make these funds pay extra fees unless they want to.

  • S. 4917 — To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.
    Status:Introduced in Senate
    Words:1,238

    S. 4917 aims to update the Federal securities laws to improve 403(b) retirement plans, which are savings plans for employees of public schools and some tax-exempt organizations. The bill proposes changes to laws such as the Investment Company Act of 1940, the Securities Act...

    Simple Explanation

    The bill wants to make sure that teachers and people working in some special organizations have better ways to save money for their future by making the rules easier to understand and follow for their savings plans. It's like giving them more choices and making sure those choices are safe and sound.