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No China in Index Funds Act

S. 2046 Sen. Pete Ricketts (R-NE) In committee
Bill text PDF
  1. Introduced Jun 12
  2. Committee Jun 12
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jun 12, 2025Next: Senate vote
503d ago Jun 12, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 5 filings
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Member trades
0trades in the last 90 days
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Companies lobbying on this bill

1 company
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Technology & Software 1
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Summary

This bill prohibits index funds from investing in Chinese companies. It defines key terms, sets a 180-day grace period for existing investments, and establishes civil penalties for violations.

Sec. 2, Definitions: Defines 'Chinese company' as a company incorporated in China, with most assets or employees in China, owned or controlled by the Chinese government, or where a majority of its value depends on such a company. Defines 'index fund' as an investment company or hedge fund designed to track an index of securities. Defines 'hedge fund' and 'investment company' by reference to existing law.

Sec. 3, Prohibition: Index funds are banned from investing in Chinese companies. Existing investments have a 180-day safe harbor from the enactment date. Violators face a civil penalty up to the greater of $250,000 or twice the transaction amount. The SEC may issue rules to implement this section.

Summary of the bill text as introduced in Senate (Jun 12, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.