HB5109: DITCH Act Dump Investments in Troublesome Communist Holdings Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To impose restrictions on the investment in Chinese companies by tax-exempt entities.
Plain-language summary
The DITCH Act would restrict tax-exempt organizations—like nonprofits, charities, and retirement funds—from investing money in Chinese companies. Tax-exempt means these groups don't pay federal income taxes. The bill was introduced in Congress but has not yet moved forward for a vote. It would give tax-exempt organizations rules about where they can put their investment money. The sponsors include Republican members from Michigan, Illinois, Virginia, and Ohio.
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HB5109: DITCH Act Dump Investments in Troublesome Communist Holdings Act
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Sponsors
Mike Gallagher
Primary SponsorCo-sponsors (3)
Darin LaHood
Robert Wittman
John Moolenaar