SB2750: 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
A bill to impose restrictions on the investment in Chinese companies by tax-exempt entities.
Plain-language summary
This bill would restrict tax-exempt organizations—like charities and nonprofits that don't pay federal income taxes—from investing money in Chinese companies. Tax-exempt entities currently can invest broadly without federal limits on which countries they support. The bill targets concerns about funding Chinese businesses through these investments. It is currently in the introduced stage, meaning it has been formally submitted to Congress but not yet assigned to a for review.
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SB2750: DITCH Act Dump Investments in Troublesome Communist Holdings Act