Safeguarding U.S. Financial Leadership Against Communist China Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4589 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4589 To prohibit index funds and registered investment companies from investing in Chinese companies, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 18, 2024 Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To prohibit index funds and registered investment companies from investing in Chinese companies, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Safeguarding U.S. Financial Leadership Against Communist China Act''. SEC. 2. FINDINGS. Congress finds the following: (1) A 2024 report by the Select Committee on the Chinese Communist Party of the House of Representatives found that index providers and asset managers, on an industry-…