Sec. 3. Safe harbor for changes of investment policies by asset managers

147 words·~1 min read·/bill/118/hr/6528/ih/section-3

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Section 13(c)(1) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–13(c)(1) ) is amended— in subparagraph (A), by striking or at the end; in subparagraph (B), by striking the period at the end and inserting ; or ; and by adding at the end the following: engage in investment activities in the People’s Republic of China described in section 2(c) of the PRC Accountability and Divestment Act of 2023 . . Not later than 120 days after the date of the enactment of this Act, the Securities and Exchange Commission shall issue any revisions the Commission determines to be necessary to the regulations requiring disclosure by each registered investment company that divests itself of securities in accordance with section 13(c) of the Investment Company Act of 1940 to include divestments of securities in accordance with paragraph (1)(C) of such section, as added by subsection (a).

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15 USC 80a–13(c)(1)

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Sec. 3

Safe harbor for changes of investment policies by asset managers

Cite15 USC 80a–13(c)(1)

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