S. 3203 — 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,...