# 119-s-2046: No China in Index Funds Act

119-s-2046, No China in Index Funds Act, is a 119th Congress bill sponsored by Sen. Ricketts, Pete [R-NE] (R-NE); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-2046
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2046
- Congress: 119
- Title: No China in Index Funds Act
- Status: introduced
- Introduced: 2025-06-12
- Sponsor: Sen. Ricketts, Pete [R-NE] (R-NE)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**This bill would block index funds from investing in Chinese companies.** It would give funds a 180-day safe harbor to divest existing holdings and create civil penalties and SEC rulemaking authority to enforce the ban. - Index fund managers and investors would need to remove covered Chinese-company holdings within a 180-day divestment window. Violations could trigger a civil penalty up to $250,000 or twice the transaction amount. - Companies that meet the bill's broad definition of a "Chinese company" would be off-limits for index funds, reducing those funds' exposure to firms incorporated in or economically tied to the People's Republic of China. - The Securities and Exchange Commission would be able to write rules to implement the ban and to determine which firms meet the statute's tests for being a Chinese company, including control, location of assets or employees, or government ownership or direction.

## Provisions PRIA read

- Ban index funds holding Chinese firms: mixed, high. This bill would stop index funds from buying or holding companies the bill calls "Chinese companies." The bill would define "Chinese company" using tests about incorporation, majority assets or employees in China, government control, or reliance on such companies, with the Securities and Exchange C…

## Related bills

- 119-s-4668: Protect College Sports Act of 2026
- 119-s-2828: Child Care Modernization Act of 2025
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-1748: Kids Online Safety Act
- 119-s-4065: STAND with Taiwan Act of 2026

## Sources
- [119-s-2046 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2046)

## Related
- [119-s-4668: Protect College Sports Act of 2026](https://policyrisk.com/legislation/119-s-4668)
- [119-s-2828: Child Care Modernization Act of 2025](https://policyrisk.com/legislation/119-s-2828)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4065: STAND with Taiwan Act of 2026](https://policyrisk.com/legislation/119-s-4065)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2046 (as of 2025-12-21).