Index Provider Transparency and Accountability Act

3.0.0 3203 2025-01-14T18:20:21Z 2025-01-14T18:20:21Z Senate S S 2023-11-02 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-11-02T16:06:32Z 2023-11-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-11-02 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N Finance and Financial Sector Finance and Financial Sector 2023-12-06T17:45:56Z

00 2023-11-02 Introduced in Senate 2024-07-10T18:44:00Z Index Provider Transparency and Accountability Act This bill establishes requirements for an investment company related to its (1) use of market indices, and (2) investment in Chinese securities.The bill requires an investment company to disclose information related to the company's use of a market index. (A market index is calculated based on a set of investments for the purpose of tracking the changes in the market represented by the investments. For example, the S&P 500 Index is generally used as an indicator of the U.S. stock market. Investment companies may use these indices for developing index funds, among other uses.) Specifically, an investment company must disclose whether it intends to track the returns of, or benchmark against, a specific market index and if so, disclose certain interactions between the company and the index provider.Additionally, the bill requires an authorizing vote by the board of directors of the investment company in the event of certain deviations from investment policy relating to an index, including a deviation involving securities issued by a company headquartered or incorporated in China or listed on a Chinese exchange.Finally, an investment company must annually disclose to stockholders specific information regarding securities owned by the company and issued by a company headquartered or incorporated in China or listed on a Chinese exchange.

Index Provider Transparency and Accountability Act Display Title 45 Index Provider Transparency and Accountability Act 2024-07-23T16:18:13Z Official Title as Introduced 6 A bill to amend the Investment Company Act of 1940 to impose certain requirements relating to the use of market indexes, and for other purposes. 2024-07-23T16:11:07Z Introduced in Senate IS Short Title(s) as Introduced 101 Index Provider Transparency and Accountability Act 2024-05-24T13:35:36Z Introduced in Senate IS Introduced in Senate 2023-11-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s3203is/xml/BILLS-118s3203is.xml 2023-11-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.