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Bars index-tracking funds from holding any company that meets the Act’s definition of a "Chinese company." Funds that already hold such investments when the law takes effect would have 180 days to sell them. The SEC is given authority to write implementing rules and to apply the definitions in practice. Violations carry civil penalties equal to the greater of $250,000 or twice the transaction amount that caused the violation.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced June 12, 2025 by John Peter Ricketts · Last progress June 12, 2025