Search Results: keywords:"investment prohibition"

  • 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. 9995 — To immediately halt investment by United States persons in the energy sector of Venezuela until the legitimate results of the July 28, 2024, election are respected.
    Status:Introduced in House
    Words:1,394

    H.R. 9995, also known as the "Revoke Exemptions for Venezuelan Oil to Curb Autocratic Repression Act of 2024" or the "REVOCAR Act," aims to stop any investment or business by U.S. persons in the energy sector of Venezuela until its government acknowledges the legitimate...

    Simple Explanation

    The REVOCAR Act says that people in the United States can't put money into Venezuela's energy until Venezuela listens to the results of their 2024 election, but the President can make exceptions if it's important for the country.

  • H. R. 7758 — To prohibit index funds from investing in Chinese companies, and for other purposes.
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    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.