No China in Index Funds Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 5237 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 5237 To prohibit index funds from investing in Chinese companies, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 25, 2024 Mr. Ricketts 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 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 ``No China in Index Funds Act''. SEC. 2. DEFINITIONS. In this Act: (1) Amount of the transaction.--The term ``amount of the transaction'' means-- (A) with respect to a purchase that violates this Act, the purchase price; and (B) with respect to the holding of an investment that violates this Act, the fair market value of the investment at the time of the viola…